New Delhi, Jun 24 (PTI) Crude oil futures fell Rs 316 to Rs 5,730 per barrel on Tuesday as hopes of a ceasefire between Iran and Israel, coupled with weaker spot demand, prompted participants to trim their positions.
On the Multi Commodity Exchange, crude oil for July delivery declined Rs 316 or 5.23 per cent to Rs 5,730 per barrel in 10,985 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak demand in the spot market.
On the global front, West Texas Intermediate crude oil fell 3.49 per cent to USD 66.12 per barrel, and Brent Crude was trading 3.36 per cent lower at USD 69.08 a barrel in New York. PTI
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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