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Crude oil futures down 0.42% on global cues

Participants reducing their positions affected the trade

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Crude oil futures for February shed Rs 22, or 0.42%, to Rs 5,157 per barrel in 8,874 lots.

At the Multi Commodity Exchange, the March contract moved down by Rs 21, or 0.4%, to Rs 5,201 per barrel in 801 lots.

Marketmen said the fall in crude oil futures prices was in line with a weakening trend overseas after US crude stockpiles gained and capacity on the Seaway pipeline was reduced.

Participants reducing their positions affected the trade.

Weak overseas trend triggered the downtrend.

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First Published: Jan 24 2013 | 2:43 PM IST

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