Crude oil futures prices declined by 0.77% to Rs 5,008 per barrel today largely in tandem with a weak trend in Asian trade on high inventories and weak economic data.
At the Multi Commodity Exchange, crude oil for delivery in November shed Rs 39, or 0.77%, to Rs 5,008 per barrel, with a business volume of 873 lots.
The October contract moved down by Rs 38, or 0.76%, to Rs 4,977 per barrel, with a turnover of 11,988 lots.
Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asia as high inventories and economic data from China and Japan reinforced fears of a global economic slowdown.
Meanwhile, crude oil for delivery in October was down 90 cents to $91.08 a barrel on the New York Mercantile Exchange.
