Crude oil futures traded lower on Wednesday morning as the marketplace players fear a susceptible demand outlook for the commodity because of competitive financial tightening measures by means of a few principal economies. Added to this, the Covid-19 associated curbs in China additionally impacted the rate of the commodity.
September crude oil futures had been buying and selling at ₹6848 on Multi Commodity Exchange (MCX) within the initial buying and selling hour of Wednesday morning in opposition to the preceding near of ₹6933, down via 1.23 according to cent; and October futures have been trading at ₹6848 as in opposition to the previous near of ₹6936, down through 1.27 according to cent.
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