Crude oil futures fall Rs 21 per barrel on Asian cues

Crude oil futures declined by Rs 21 to Rs 3,586 per barrel today after participants cut down bets in tune with a weak trend in Asian trade.
In futures trade at the Multi Commodity Exchange, crude oil for delivery in January 2017 shed Rs 21, or 0.58 per cent, to Rs 3,586 per barrel, with a business volume of 2,438 lots.
Oil prices for far-month February delivery moved down by Rs 20, or 0.54 per cent, to trade at Rs 3,657 per barrel with a business volume of 33 lots.
Marketmen said the fall in crude oil futures was mostly attributed to trimming of positions at futures trade in tandem with a weakening trend in Asian trade.

Meanwhile, West Texas Intermediate crude oil was down by 31 cents to USD 52.64, while Brent fell 29 cents to trade at USD 54.76 a barrel.