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Crude oil weakens on global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Tracking a weak trend in overseas markets, crude oil prices fell 0.44% to Rs 5,290 per barrel in futures trade today.

At the Multi Commodity Exchange, the April contract declined by Rs 22, or 0.44%, to Rs 5,290 per barrel, with a business turnover of 6,731 lots.

The May delivery shed Rs 21, or 0.39%, to Rs 5,344 per barrel, with a business turnover of 753 lots.

Marketmen attributed the decline in crude oil futures to a weak global trend on weak demand from the US.

Meanwhile, crude for May delivery declined by 28 cents to $102.42 a barrel on the New York Mercantile Exchange.

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First Published: Apr 12 2012 | 11:24 AM IST

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