Crude oil futures fall on weak Asian cues

Crude oil futures fell by Rs 25 to Rs 3,646 per barrel today as speculators reduced positions on profit-taking amid a weakening trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in May dropped by Rs 25, or 0.68 per cent, to Rs 3,646 per barrel in 13,041 lots.
In a likewise manner, the oil for delivery in June fell by Rs 19, or 0.51 per cent, to Rs 3,3742 per barrel in 470 lots.
Trading sentiments at futures market were dampened after crude oil prices eased in Asian trade today as dealers weighed China's fresh monetary stimulus against a supply glut in the United States, analysts said.

Meanwhile, West Texas Intermediate (WTI) crude for May delivery declined by 21 cents to USD 56.17, while Brent crude for June fell 21 cents to USD 63.24 a barrel in late-morning trade on the New York Mercantile Exchange.