Crude oil futures fell 0.53 percent to Rs 6,183 per barrel today in line with a mixed trend during early Asian trade.
Natural gas have extremely surged. MCX Natural gas prices have gone beyond Rs 280. Decreases in U.S. natural gas reserves have support. There is pressure on crude oil. But NYMEX Brent crude oil price of $ 99 and has traded over $ 111.
At MCX, crude oil for January delivery lost Rs 24, or 0.53% to Rs 6,183 per barrel, with a turnover of of 766 lots.
Similarly, crude for February delivery fell by Rs 7 or 0.11 percent to Rs 6,221 per barrel, with a turnover of 24 lots.
Marketmen said the decline in the prices of crude oil futures was primarily aligned with a mixed trend in Asia because investors concentrated on the upbeat data on U.S. economic growth raising hopes of revival higher demand in the largest oil consumer in the world.