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Crude oil down 0.1% on global cues

Oil prices for December delivery moved down by 0.05%

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil futures declined by 0.10% to Rs 5,948 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in November shed Rs 6, or 0.10%, to Rs 5,948 per barrel, with a business volume of 765 lots.

Oil prices for December delivery moved down by Rs 3, or 0.05%, to Rs 5,999 per barrel, with a business volume of 46 lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia after the US Federal Reserve kept its stimulus programme unchanged but gave a rosier than expected summary of the economy that fuelled rumours it will start winding down soon.
 
Meanwhile, crude oil for delivery in December was down by 20 cents to $96.57 a barrel on the New York Mercantile Exchange.

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First Published: Oct 31 2013 | 1:45 PM IST

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