Crude oil futures decline on low demand

Crude oil for October delivery was quoting lower by 23, or 0.82 per cent, at 2,781 per barrel with an open interest of 53 lots.
By
| Updated on: 11 Sep 2020, 03:05 PM
Representational file photo of a crude oil pipeline. (REUTERS)
Representational file photo of a crude oil pipeline. (REUTERS)

Crude oil futures on Friday fell by 0.76 per cent to 2,744 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for September delivery eased by 21, or 0.76 per cent, to 2,744 per barrel with a business volume of 3,575 lots.

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Crude oil for October delivery was quoting lower by 23, or 0.82 per cent, at 2,781 per barrel with an open interest of 53 lots.

However, West Texas Intermediate crude oil was trading up by 0.24 per cent at USD 37.39 per barrel.

(Also Read: Traffic surge in Europe and Asia adds to mixed outlook for oil)

Brent crude was trading 0.05 per cent higher at USD 40.07 per barrel in New York.

First Published Date: 11 Sep 2020, 03:05 PM IST
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