NEW DELHI, June 15: Crude oil futures edged lower 0.60 per cent to Rs 3,835 per barrel today in line with a weak trend in Asian trade.
In futures trading, crude oil for delivery in June shed Rs 23, or 0.60 per cent, to Rs 3,835 per barrel, with a business volume of 1,337 lots at Multi Commodity Exchange (MCX).
Oil prices for July delivery moved down Rs 22, or 0.56 per cent, to trade at Rs 3,888 per barrel, with a business volume of 151 lots.
Analysts said the fall in crude oil futures is mostly in step with a weakening trend in Asian trade as dealers fretted over a collapse in Greece’s debt talks and a possible return of Iranian supplies disrupted by global sanctions.
Meanwhile, West Texas Intermediate crude oil for delivery in June was down 20 cents to USD 59.76 while Brent for July eased 37 cents to USD 63.50 a barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
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