 "Crude oil down 0.4% on global cues")
Crude oil futures declined by 0.43% to Rs 6,016 per barrel today in line with a mixed trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in December shed Rs 26, or 0.43%, to Rs 6,016 per barrel, with a business volume of 1,162 lots.
Oil prices for January next year moved down by Rs 23, or 0.38% to Rs 6,070 per barrel, with a business volume of 116 lots.
Meanwhile, crude oil for delivery in January was up by 21 cents, to $97.41 a barrel on the New York Mercantile Exchange, while Brent North Sea crude for January eased 19 cents to $111.69.
At the Multi Commodity Exchange, crude oil for delivery in December shed Rs 26, or 0.43%, to Rs 6,016 per barrel, with a business volume of 1,162 lots.
Oil prices for January next year moved down by Rs 23, or 0.38% to Rs 6,070 per barrel, with a business volume of 116 lots.
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Marketmen said the fall in crude oil futures prices was mostly in line with a mixed trend in Asian trade as dealers worried about an oversupply in Middle Eastern crude, which could push down prices along with increasing US shale oil production.
Meanwhile, crude oil for delivery in January was up by 21 cents, to $97.41 a barrel on the New York Mercantile Exchange, while Brent North Sea crude for January eased 19 cents to $111.69.