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Last Updated : Oct 21, 2019 06:29 PM IST | Source: PTI

Crude oil futures slip on subdued global cues

On the MCX, crude oil for November delivery dropped by Rs 9, or 0.24 percent, to Rs 3,816 per barrel with a business volume of 2,524 lots.

Crude oil futures fell by Rs 9 to Rs 3,816 per barrel on October 21 after participants reduced positions, tracking a subdued trend in global markets.

On the Multi Commodity Exchange (MCX), crude oil for November delivery dropped by Rs 9, or 0.24 percent, to Rs 3,816 per barrel with a business volume of 2,524 lots.

Similarly, crude oil for December delivery was quoting lower by Rs 13, or 0.34 percent, at Rs 3,826 per barrel with an open interest of 14 lots.

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The fall in crude oil futures was mostly due to trimming of positions by traders, in line with weak global cues, analysts said.

Trading on the MCX was closed till 1700 hrs on October 21 on account of Maharashtra Assembly elections.

Globally, West Texas Intermediate crude oil was trading 0.73 percent lower at $53.39 per barrel, while international benchmark Brent Crude traded down 0.91 percent at $58.88 per barrel in New York.

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First Published on Oct 21, 2019 06:20 pm
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