Crude oil slips nearly 2 pc in futures trade on profit-booking

NEW DELHI: (Jun 11) Crude oil prices declined nearly 2 per cent to Rs 8,575 per barrel in futures trade on Thursday as traders booked profits after the recent rally, tracking a weak trend in the global markets.

On the Multi Commodity Exchange (MCX), crude oil contracts for June delivery fell by Rs 151, or 1.73 per cent, to Rs 8,575 per barrel in a business turnover of 8,887 lots.

Similarly, the July contract declined by Rs 145, or 1.69 per cent, to Rs 8,442 per barrel in 2,900 lots.