Crude Oil prices Slid by 0.85 % on Wednesday

CRUDEOIL 

Crude oil prices slid by 0.85 % on Wednesday at the domestic markets as investors endured on the sidelines and abstained from buying activity ahead to data on U.S. supplies.The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week.The data is a day late because of a public holiday in the U.S. On Monday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 2,916/barrel, downward by 0.85 %, after opening at Rs. 2,924 against the last day of closing price of Rs. 2,941. It touched the intra day low of Rs. 2,912 till the trading.

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