 "Crude oil down by 0.3% on weak Asian cues")
Crude oil futures today fell by 0.28% to Rs 5,994 per barrel as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in August fell by Rs 7, or 0.28%, to Rs 5,994 per barrel in 2,133 lots.
Besides, oil for September delivery moved down by Rs 15, or 0.25%, to Rs 5,981 per barrel in 159 lots.
Meanwhile, West Texas Intermediate crude for September delivery eased 27 cents to $97.81, while Brent crude for September was down 22 cents to $104.46 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in August fell by Rs 7, or 0.28%, to Rs 5,994 per barrel in 2,133 lots.
Besides, oil for September delivery moved down by Rs 15, or 0.25%, to Rs 5,981 per barrel in 159 lots.
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Analysts said the fall in crude prices at futures trade was primarily after it fell in the Asian trade on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq.
Meanwhile, West Texas Intermediate crude for September delivery eased 27 cents to $97.81, while Brent crude for September was down 22 cents to $104.46 a barrel in mid-morning trade on the New York Mercantile Exchange.