Crude oil futures decline on weak global cues


Crude oil futures fell 0.39 percent to Rs 3,854 per barrel on October 14 after participants reduced positions amid a weak trend in global markets.

On the Multi Commodity Exchange, crude oil for delivery in October shed Rs 15, or 0.39 percent, to Rs 3,854 per barrel with a business volume of 21,539 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues.

Meanwhile, West Texas Intermediate crude oil was trading 1.02 percent down at $54.14 per barrel.

Brent Crude, the international benchmark, fell 1.16 percent to trade at $59.81 per barrel.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India’s leading expert on wealth building, has created a strategy which makes it possible… in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.