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Crude oil down by 0.5% on weak Asian cues

Speculators trimmed positions amid a weakening trend in the Asian trade

Press Trust of India New Delhi
Crude oil futures prices today fell by 0.48% to Rs 6,789 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade ahead of US crude stockpiles data.
 
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 33, or 0.48%, to Rs 6,789 per barrel in 4,047 lots.
 
In a likewise manner, oil for the month of October moved down by Rs 32, or 0.47%, to Rs 6,779 per barrel in 468 lots.
 
The trading sentiment eased at futures trade as crude oil prices inched down in Asian ahead of US crude stockpiles data for clues about demand in the world's biggest economy, analysts said.
 
 
Meanwhile, West Texas Intermediate (WTI) crude for September delivery was down 7 cents to $107.03 a barrel on the New York Mercantile Exchange in morning trade today.

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First Published: Aug 20 2013 | 11:20 AM IST

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