Crude oil futures tumble 2% on low demand

News

NEW DELHI: Crude oil futures fell 2.19 per cent to Rs 4,337 per barrel on Friday as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for March delivery eased by Rs 97, or 2.19 per cent, to Rs 4,337 per barrel with a business volume of 2,026 lots.

West Texas Intermediate crude oil was trading 0.30 per cent down at USD 59.82 per barrel, while Brent crude was quoting 0.30 per cent lower at USD 63.09 per barrel in New York.

Articles You May Like

Best Price Action Trading Strategy beginners to advanced | #forexscalpingstrategy | #Crypto #shorts
Gold rate : Yellow metal holds steady; silver tops Rs 58,500
NFT games have edge over ‘money in, no money out’ games: Polygon’s Urvit Goel
Key economic releases and events next week
AUD/USD taking a hit on the awful Chinese data