Home / MCX Energy / Crude futures declined 0.43% to Rs 6,016 per barrel

Crude futures declined 0.43% to Rs 6,016 per barrel

Crude futures declined 0.43% to Rs 6,016 per barrel today in line with a mixed trend in Asian trade.

At MCX, crude for December delivery lost Rs 26 or 0.43% to Rs 6,016 per barrel, with a turnover of of 1,162 lots.

Similarly, crude for January delivery was down by Rs 23 or 0.38 percent to Rs 6,070 per barrel, with a turnover of of 116 lots.

Market experts said the fall in the prices of crude oil futures was mostly in line with a mixed trend in the Asian market as sellers were concerned about a glut of crude from West Asia, which might push prices lower along with increased production of U.S. oil shale.

As long as, crude oil for January delivery rose 21 cents to $ 97.41 a barrel on the New York Mercantile Exchange, while Brent North Sea for February dropped 19 cents to $ 111.69.

Reported: Business Line

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Myself Technical Analyst and Owner Investment Growth Services (100mcxtips.com). 100McxTips is a Market Leader MCX Commodity Advisory, which has a strong hold in offering trusted MCX Tips and accurate as well as Commodity Market Tips. For more mcx, commodity market news by 100McxTips, follow us on Twitter @100mcxtips and on Facebook at facebook.com/100mcxtips.

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