At 03:30 PM, Crude futures declined 0.29 percent to Rs 6,119 a barrel today in line with a mixed trend in Asian trade.
At MCX, crude for delivery in January of next year down Rs 18 or 0.29 percent, to Rs 6,119 per barrel, with a turnover of 329 lots.
Crude oil prices for December futures contracts declined by Rs 26, or 0.51% to Rs 6,048 per barrel, with a turnover of 2,675 lots.
Marketmen said the decline in the price of crude oil futures was primarily aligned with a mixed trend in the asiatic market as dealers concerned about a global oversupply of crude oil, while speculation the U.S. Federal Reserve . States. soon will scale back its stimulus program.
As long as, crude oil for January delivery fell 1 percent to U.S. $ 97.49 a barrel on the New York Mercantile Exchange, while Brent North Sea for January rose four cents to U.S. $ 108, 71.
Reported PTI News: India Times