Crude oil futures declined by 0.36% to Rs 4,652 per barrel today in line with a weak trend in Asian trade on demand concerns.
At the Multi Commodity Exchange, crude oil for delivery in November shed Rs 17, or 0.36%, to Rs 4,652 per barrel, with a business volume of 16,823 lots.
The December contract moved down by a similar margin to Rs 4,701 per barrel, with a business turnover of 1,355 lots.
Marketmen said fall in crude oil futures prices was in line with a weakening trend in Asia as US refineries cut crude production in anticipation of a plunge in energy demand ahead of the Hurricane Sandy megastorm.
Meanwhile, crude oil for delivery in December was down 32 cents to $85.96 a barrel on the New York Mercantile Exchange.
