TH:Crude oil futures decline to Rs 6,360 per barrel
Crude oil futures prices today fell further by 1.44 per cent to Rs 6,360 per barrel, as participants indulged in reducing positions, tracking a weak trend in the Asian region.
On the Multi Commodity Exchange, crude oil for delivery in October fell Rs 93 or 1.44 per cent to Rs 6,360 per barrel in 3,453 lots. Similarly, November delivery contracts moved down by Rs 86 or 1.33 per cent to Rs 6,389 per barrel in 206 lots.
Analysts said that the fall in crude oil futures was attributed to a weak trend in the Asian trade as traders concerns grew after lacking breakthrough in the US budget stand-off that led to government shutdown.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery eased 15 cents to $103.16 a barrel on the New York Mercantile Exchange in the mid-morning trade today.
