Analysts said trading sentiments at futures trade dampened on signs of rising crude stockpiles in the US, coupled with reports of global slowdown.
PTI
@moneycontrolcom
Crude oil prices plunged 0.87 percent to Rs 4,435 per barrel on April 11 as speculators reduced bets amid a weakening trend overseas. On the Multi Commodity Exchange, crude for delivery in April fell by Rs 39, or 0.87 percent, to trade at Rs 4,435 per barrel in a business turnover of 23,652 lots.
Similarly, oil for delivery May moved down by Rs 31, or 0.69 percent, to Rs 4,461 per barrel in 2,614 lots.
Analysts said trading sentiments at futures trade dampened on signs of rising crude stockpiles in the US, coupled with reports of global slowdown.
First Published on Apr 11, 2019 12:56 pm
