Crude oil futures decline on weak trend overseas

Marketmen said the fall in prices was mostly due to trimming of positions by traders in tandem with a weak trend overseas.

Crude oil prices up on firm global cues

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in the global market.

Analysts said raising of bets by participants kept crude prices to trade higher here.

Crude oil for delivery in September was trading lower by Rs 21, or 0.52 per cent, at Rs 3,994 per barrel.

Analysts said speculative positions created by traders led to the rise in oil prices.

Analysts said speculative positions created by traders led to rise in oil prices.

On the Multi Commodity Exchange, crude oil for delivery in August contracts was trading lower by Re 1, or 0.03 pc.

On the Multi Commodity Exchange, crude oil for delivery in August contracts fell by Rs 18 to Rs 3,873 per barrel.

Crude oil for delivery in August was trading lower by Rs 13, or 0.33 per cent, at Rs 3,895 per barrel.

Analysts said the rise in crude oil futures was largely in tandem with a firming trend in global trade.