 "Crude oil futures decline on weak Asian cues")
Crude oil futures fell by Rs 50 to Rs 3,543 per barrel today as speculators indulged in trimming positions amid a weak trend in Asian markets.
Trading sentiments turned weak in futures trade following fall in crude oil prices in Asian markets after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report, analysts said.
At the Multi Commodity Exchange, crude oil for delivery in May dropped by Rs 50 or 1.39 per cent to Rs 3,543 per barrel in 2,780 lots.
Meanwhile, West Texas Intermediate (WTI) crude shed 52 cents to $56.09 a barrel, while Brent crude shed 42 cents to $61.66 per barrel in late-morning trade on the New York Mercantile Exchange.
Trading sentiments turned weak in futures trade following fall in crude oil prices in Asian markets after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report, analysts said.
At the Multi Commodity Exchange, crude oil for delivery in May dropped by Rs 50 or 1.39 per cent to Rs 3,543 per barrel in 2,780 lots.
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The oil for June delivery fell by Rs 46 or 1.25 per cent to Rs 3,642 per barrel in a volume of 71 lots.
Meanwhile, West Texas Intermediate (WTI) crude shed 52 cents to $56.09 a barrel, while Brent crude shed 42 cents to $61.66 per barrel in late-morning trade on the New York Mercantile Exchange.