 "Crude oil down 0.5% on weak Asian cues")
Crude oil futures today fell by 0.47% to Rs 5,953 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 28, or 0.47%, to Rs 5,953 per barrel in 2,381 lots.
Besides, oil for September delivery moved down by Rs 26, or 0.44%, to Rs 5,940 per barrel in 602 lots.
Meanwhile, West Texas Intermediate crude for September delivery shed 19 cents to USD 97.18 , while Brent crude for September was down 24 cents at USD 102.78 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 28, or 0.47%, to Rs 5,953 per barrel in 2,381 lots.
Besides, oil for September delivery moved down by Rs 26, or 0.44%, to Rs 5,940 per barrel in 602 lots.
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Analysts said the fall in crude prices at futures trade was primarily after it fell in the Asian trade, following the International Energy Agency slashed its demand outlook for 2014 and 2015.
Meanwhile, West Texas Intermediate crude for September delivery shed 19 cents to USD 97.18 , while Brent crude for September was down 24 cents at USD 102.78 a barrel in mid-morning trade on the New York Mercantile Exchange.