Pandit Ji Live Updat’s On Crude; Crude Oil Futures Slip 0.22% On Weak Global Trend:

The trading sentiment dampened in futures trade after oil prices eased in Asian trade as concerns of a sharp economic slowdown outweighed supply disruption from OPEC’s production cutbacks and US sanctions on Iran and Venezuela,. analysts said.

Crude oil futures fell by 0.22 percent to Rs 4,066 per barrel on Monday as speculators reduced positions amid a weakening trend overseas.

At Multi Commodity Exchange, crude oil for delivery in April traded Rs 9, or 0.22 percent, lower at Rs 4,066 per barrel in 7,452 lots.

The trading sentiment dampened in futures trade after oil prices eased in Asian trade as concerns of a sharp economic slowdown outweighed supply disruption from OPEC’s production cutbacks and US sanctions on Iran and Venezuela,. analysts said.

Meanwhile, West Texas Intermediate (WTI) crude was down 63 cents, or 1.1 percent, to USD 58.42, while Brent crude fell 51 cents, or 0.8 percent, to USD 66.52 a barrel on the New York Mercantile Exchange.

Leave a Reply

Your email address will not be published. Required fields are marked *