 "Crude oil futures down 0.7% on weak Asian cues")
Crude oil futures for March fell by Rs 34 or 0.65%, to Rs 5,028 per barrel in 6,690 lots.
At the Multi Commodity Exchange (MCX), the April contract moved down by Rs 31, or 0.61%, to Rs 5,079 per barrel in 1,523 lots.
Prices were affected as speculators trimmed positions.
US survey showing a dip in consumer confidence aslo curbed the demand.
On the New York Mercantile Exchange (NYMEX), the April contract shed $1.18 to $92.27 a barrel.
At the Multi Commodity Exchange (MCX), the April contract moved down by Rs 31, or 0.61%, to Rs 5,079 per barrel in 1,523 lots.
Prices were affected as speculators trimmed positions.
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The trading sentiment turned weak globally after unprecedented levy on bank deposits in Cyprus threatened to plunge Europe back into crisis.
US survey showing a dip in consumer confidence aslo curbed the demand.
On the New York Mercantile Exchange (NYMEX), the April contract shed $1.18 to $92.27 a barrel.