New Delhi, May 14 – Crude oil futures slipped by ₹14 to ₹5,400 per barrel on Wednesday as traders reduced their exposure in response to tepid global demand cues.
On the Multi Commodity Exchange (MCX), crude oil contracts for June delivery declined by ₹14 or 0.26 percent, trading at ₹5,400 per barrel. The session saw a volume of 6,941 lots.
Market analysts attributed the decline to participants offloading positions amid weak global indicators. A softer trend in international markets put further pressure on domestic prices.
In the global market, West Texas Intermediate (WTI) crude fell by 0.47 percent to USD 63.37 per barrel, while Brent crude was down 0.44 percent, trading at USD 66.34 per barrel in New York.
The dip reflects cautious sentiment among investors amid concerns over demand recovery and market volatility.
