At the Multi Commodity Exchange (MCX), crude oil futures for October 2011 contract traded at Rs. 4,210 per barrel, down by 0.71 per cent, after opening at Rs. 4,243 against the previous closing price of Rs. 4,240. It touched the intra-day low of Rs. 4,206 till the trading. (At 10:30 AM Wednesday).
At the New York Mercantile Exchange (NYMEX), crude oil futures for November 2011 contract traded at US$85.34 per barrel, down by 47 cents, after opening at US$85.20 against the previous closing of US$85.81. It touched the intra-day low of US$84.52 with a business volume of 6,926 lots till the electronic trading. (At 10:35 AM Wednesday).
Moreover, Slovakian lawmakers voted against on Europe's bailout fund and the U.S. Senate members blocked President Barack Obama's US$447 billion plan to create jobs.