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Crude oil futures down 0.33%

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Press Trust of India New Delhi

Crude oil prices fell by 0.33% in futures trade today even as it strengthened in global markets.

At the Multi Commodity Exchange, crude oil for delivery in June lost Rs 15, or 0.33% to Rs 4,476 per barrel, with a business turnover of 28 lots. 

Similarly, the crude oil for delivery in July declined by Rs 15, or 0.33%, to Rs 4,523 per barrel, with a business turnover of just two lots. 

Analysts said offloading by speculators, led to a fall in crude oil prices at futures trade here but recovery in Asian trade, capped the losses. 

Meanwhile, crude for July delivery advanced 38 cents to $99.31 a barrel in the Asian trade.

 

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First Published: May 20 2011 | 1:28 PM IST

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