 "Crude oil futures decline on weak Asian cues")
Crude oil futures fell 0.52% to Rs 6,118 per barrel today as speculators reduced their positions amid a weakening trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 32, or 0.52%, to Rs 6,118 per barrel in 1,025 lots.
In a similar manner, the oil for September delivery moved down by Rs 21, or 0.34%, to Rs 6,088 per barrel in 32 lots.
Meanwhile, West Texas Intermediate (WTI) crude for September delivery dipped 51 cents to $101.58 while Brent crude for September declined 43 cents to $107.96 a barrel at the New York Mercantile Exchange in late morning trade today.
At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 32, or 0.52%, to Rs 6,118 per barrel in 1,025 lots.
In a similar manner, the oil for September delivery moved down by Rs 21, or 0.34%, to Rs 6,088 per barrel in 32 lots.
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The trading sentiment eased at futures trade after crude oil prices fell in Asian trade ahead of the release of US economic growth and jobs data later in the week, while investors track events in Ukraine and the crude-rich Middle East, analysts.
Meanwhile, West Texas Intermediate (WTI) crude for September delivery dipped 51 cents to $101.58 while Brent crude for September declined 43 cents to $107.96 a barrel at the New York Mercantile Exchange in late morning trade today.