Business Standard

Crude oil down 0.37% on Asian cues

Profit-booking sees November contract fall 0.3%

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Press Trust of India New Delhi

Crude oil futures prices declined by 0.37% to Rs 5,130 per barrel today, largely in tandem with a weak trend in Asian trade on profit-booking.

At the Multi Commodity Exchange, crude oil for delivery in October shed Rs 19, or 0.37%, to Rs 5,130 per barrel, with a business volume of eight lots.

The November contract moved down by Rs 18, or 0.30%, to Rs 5,167 per barrel, with a turnover of three lots.

Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asian trade on profit-booking after last week's rally, ahead of the release of Chinese trade data later this week.

 

Meanwhile, crude oil for delivery in September fell 12 cents to $91.28 a barrel on the New York Mercantile Exchange.

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First Published: Aug 06 2012 | 12:38 PM IST

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