Crude oil futures fall to Rs 8,286 per barrel tracking global cues

Representational Image. File pic.

Crude oil prices fell by Rs 18 to Rs 8,286 per barrel in the futures trade on Friday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for September delivery slipped by Rs 18, or 0.22 per cent, to Rs 8,286 per barrel in a business turnover of 3,477 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude was trading 0.58 per cent lower at USD 86.33 per barrel, while Brent crude declined 0.35 per cent to USD 93.45 per barrel in New York.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.