Crude oil futures fell 0.88 percent to Rs 3,842 per barrel on January 22 after participants reduced exposure, in tune with a weak trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in February shed Rs 34, or 0.88 percent, to trade at Rs 3,842 per barrel with a business volume of 7,951 lots.
Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weakening trend in Asian trade.
Meanwhile, West Texas Intermediate crude oil was down 0.63 percent to USD 53.70. Brent, used to price international oil, fell 0.80 percent to trade at USD 62.24 a barrel.
We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.
Visit: www.ripplesadvisory.com
Contact us @ +91-9644405056
No comments:
Post a Comment