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Crude oil futures slip on weak global cues

Crude oil futures fell by Rs 18 to Rs 4,188 per barrel on Monday.

PTI|
Dec 09, 2019, 02.40 PM IST
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Crude oil futures fell by Rs 18 to Rs 4,188 per barrel on Monday after participants reduced positions amid a weak trend in global markets.

On the Multi Commodity Exchange, crude oil for delivery in December fell by Rs 18, or 0.43 per cent, to Rs 4,188 per barrel with a business volume of 26,074 lots.

Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak trend overseas.

Globally, West Texas Intermediate crude oil was trading down by 0.66 per cent to $58.81 per barrel while Brent Crude, the international benchmark fell 0.57 per cent to trade at $64.02 a barrel.

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