Crude Oil Futures Decline Amid Global Market Fluctuations

Crude Oil Futures Decline Amid Global Market Fluctuations.webp

New Delhi, March 6 Crude oil prices saw a slight decrease of Rs 28, to Rs 7,189 per barrel, in futures trading on Friday, amidst global uncertainties.

On the Multi Commodity Exchange, crude oil futures for April delivery slipped by Rs 28, or 0.39 per cent, to Rs 7,189 per barrel, with a trading volume of 1,514 lots.

Analysts said the prices fell due to traders offloading their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude oil was trading 1.33 per cent lower at USD 79.93 per barrel, while Brent Crude fell 1.12 per cent to USD 84.45 per barrel in New York.
 
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brent crude commodities crude oil prices futures trading multi commodity exchange new delhi oil market price decrease trading volume west texas intermediate
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