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Crude oil futures fall 1.92 pc on weak global cues

Mar 6, 2020, 11:40 IST

PTI

New Delhi, Mar 6 () Crude oil futures on Friday fell 1.92 per cent to Rs 3,365 per barrel as participants trimmed their positions in line with weak trend overseas.

On the Multi Commodity Exchange, crude oil for March delivery dropped by Rs 66 or 1.92 per cent, to Rs 3,365 per barrel with a business volume of 31,783 lots.

Crude oil for April delivery was quoting lower by Rs 67, or 1.93 per cent, to Rs 3,396 per barrel with an open interest of 1,097 lots.

Globally, West Texas Intermediate crude oil fell 1.11 per cent to USD 45.39 per barrel and Brent Crude slumped 1.12 per cent to USD 49.43 per barrel in New York.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by participants amid weak demand. VHP SHWSHW

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