Latest News | Crude Oil Futures Ease Amid Weak Global Cues

New Delhi, Mar 4 (PTI) Crude oil futures on Tuesday fell by Rs 41 to Rs 5,961 per barrel in futures trade as participants trimmed their positions tracking weak demand in the overseas market.

On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 41 or 0.68 per cent at Rs 5,961 per barrel in 514 lots.

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Analysts said the prices were affected following participants offloading their holdings amid weak global cues.

Globally, West Texas Intermediate crude declined 0.38 per cent to USD 68.11 per barrel, while Brent crude was trading 0.70 per cent lower at USD 71.12 barrel in New York.

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(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)