Crude oil futures ease amid weak global cues

Crude oil futures declined as weak global cues and market uncertainty weighed on investor sentiment. Concerns over slowing global demand, geopolitical tensions, and economic data from major economies contributed to the bearish trend in oil prices

New Delhi, Crude oil futures on Thursday declined by Rs 6 to Rs 5,380 per barrel in futures trade as participants trimmed their positions tracking weak demand in the overseas market.

On the Multi Commodity Exchange, crude oil for June delivery declined Rs 6 or 0.11 per cent to Rs 5,380 per barrel in 6,295 lots.

Analysts said the prices were affected following participants offloading their holdings amid weak global cues.

On the global front, West Texas Intermediate crude oil decreased 0.46 per cent to USD 62.56 per barrel and Brent Crude was trading 0.26 per cent lower at USD 64.69 a barrel in New York.