Don’t miss the latest developments in business and finance.

Crude oil futures down 0.4% on Asian cues

Traders at home cut exposure on profit booking in Asian markets, following a rally on robust US jobs data

Press Trust of India New Delhi
Last Updated : May 07 2013 | 1:13 PM IST
Crude oil futures prices today fell by 0.40 per cent to Rs 5,175 per barrel, after speculators reduced exposures amid a subdued trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 21, or 0.40 per cent, to Rs 5,175 per barrel in 29,227 lots.

Crude oil for the June delivery moved down by a similar margin to Rs 5,080 per barrel in a turnover of 340 lots.

More From This Section

The trading sentiment turned weak at futures trade as crude prices declined in Asian trade with traders booking profits after a rally on robust US jobs data, analysts said.

Meanwhile, crude oil for the June delivery shed 57 cents to $95.59 a barrel on the New York Mercantile Exchange.

Also Read

First Published: May 07 2013 | 1:09 PM IST

Next Story