 "Crude oil down 0.6% on Asian cues")
Crude oil prices declined by 0.57% to Rs 5,054 per barrel in futures trading today as speculators reduced exposures amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 29, or 0.57%, to Rs 5,054 per barrel in a business turnover of 4,662 lots.
Likewise, the oil for delivery in December shed Rs 24, or 0.47%, to Rs 5,075 per barrel in 191 lots.
Meanwhile, West Texas Intermediate for December delivery eased 27 cents to $81.93 while Brent crude for December fell 14 cents to USD 86.98 in mid-morning trade.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 29, or 0.57%, to Rs 5,054 per barrel in a business turnover of 4,662 lots.
Likewise, the oil for delivery in December shed Rs 24, or 0.47%, to Rs 5,075 per barrel in 191 lots.
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Analysts said the trading sentiment weakened at futures trade after crude oil prices edged lower in Asian markets today.
Meanwhile, West Texas Intermediate for December delivery eased 27 cents to $81.93 while Brent crude for December fell 14 cents to USD 86.98 in mid-morning trade.