India, June 18 -- Crude oil futures traded lower on Thursday, tracking weakness in global markets and subdued demand sentiment.
On the Multi Commodity Exchange (MCX), crude oil contracts for June delivery fell by Rs 122, or 1.69 per cent, to Rs 7,090 per barrel, with a turnover of 1,070 lots.
Market analysts attributed the decline to weak global trends and selling pressure from traders who reduced their positions amid softer demand in the spot market. The weakness in international crude benchmarks also weighed on domestic futures prices, leading to a broad-based decline in crude oil contracts.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....