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Crude oil futures down 0.4% on weak Asian cues

Prices fell as speculators trimmed positions

Press Trust of India New Delhi
Last Updated : Apr 04 2013 | 2:04 PM IST
Crude oil futures for April fell by Rs 19 or 0.35%, to Rs 5,180 per barrel in 7,906 lots.     

At the Multi Commodity Exchange (MCX), the May contract moved down by Rs 18, or 0.34%, to Rs 5,222 per barrel in 526 lots.

Prices fell as speculators trimmed positions.

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Trading sentiment remained weak after crude oil prices declined in Asian trade following an unexpected surge in US inventories that showed a sign of weaker demand affected the trade.

On the New York Mercantile Exchange (NYMEX), the May contract shed 4 cents to $94.41 a barrel.

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First Published: Apr 04 2013 | 2:03 PM IST

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