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News Details

Crude oil futures decline on low demand

Back
30/06/2020 14:30
Crude oil futures on Tuesday dropped 0.73 per cent to Rs 2,978 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for July delivery fell by Rs 22, or 0.73 per cent, to Rs 2,978 per barrel with a business volume of 4,563 lots.

Crude oil for August delivery was quoting lower by Rs 25, or 0.83 per cent, at Rs 3,000 per barrel with an open interest of 140 lots.

West Texas Intermediate crude oil was trading lower by 1.06 per cent at USD 39.28 per barrel.

Brent crude was trading 1.01 per cent down at USD 41.29 per barrel in New York.