Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak trend overseas.
PTI
@moneycontrolcom
Crude oil futures fell 1.2 percent to Rs 4,043 per barrel on September 6 after participants reduced positions amid a weak trend in global markets.
On the Multi Commodity Exchange, crude oil for delivery in September shed Rs 49, or 1.2 percent, to Rs 4,043 per barrel with a business volume of 15,310 lots.
Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak trend overseas.
Meanwhile, West Texas Intermediate crude oil was trading down 0.07 percent to USD 56.34. Brent Crude, the international benchmark, fell 0.08 percent to trade at USD 61 a barrel.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 6, 2019 12:37 pm
