Crude Oil Prices Decline in Futures Trade amid Weak Global Trends
NEW DELHI: Crude oil futures fell by Rs 120 to Rs 7,837 per barrel on Tuesday amid weak global cues and subdued spot market demand. On the Multi Commodity Exchange (MCX), August delivery contracts declined 1.51 per cent to Rs 7,837 per barrel, with a business turnover of 4,507 lots. Analysts said prices slipped as traders reduced their positions amid weak demand in the physical market and negative global trends.
