Crude oil futures fall 0.57% on Asian cues_Crude oil futures fall 0.57% on Asian cues

Crude oil futures fall 0.57% on Asian cues

May 31, 2024

NEW DELHI: Crude oil prices fell 0.57 percent today as rupee futures traded at 5,054 per barrel The dollar cut speculators’ exposure due to weak Asian trade.

On various commodity exchanges, crude oil prices for November 29 delivery fell Rs, or 0.57%, to Rs 5,054 a barrel on a Rs volume of 4,662 lots.

Similarly, the price of crude oil for delivery in December 24 fell by Rs. (0.47%) to Rs. 5,075 per barrel in Rupee hands.

Analysts said that trading sentiment in futures trading weakened today after the fall in Asian crude prices.

Meanwhile, West Texas Intermediate for December delivery fell 27 cents to $81.93, and Brent crude for December delivery fell 14 cents to $81.93. It was trading at $86.98 in early trading.

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