TH:Crude oil futures decline to Rs 5,157 per barrel
Amid a weak trend overseas, crude oil futures declined 0.42 per cent to Rs 5,157 per barrel today as participants reduced their positions.
At the Multi Commodity Exchange, crude oil for delivery in February shed Rs 22 or 0.42 per cent to Rs 5,157 per barrel with a business volume of 8,874 lots.
Similarly, the oil for March delivery moved down by Rs 21 or 0.4 per cent to Rs 5,201 per barrel with a turnover of 801 lots.
Marketmen said the fall in crude oil futures prices was in line with a weakening trend overseas after US crude stockpiles gained and capacity on the Seaway pipeline was reduced.
