Business Standard

Crude oil futures down 0.4% on weak Asian cues

Prices fell as speculators trimmed positions

Press Trust of India New Delhi
Crude oil futures for April fell by Rs 19 or 0.35%, to Rs 5,180 per barrel in 7,906 lots.     

At the Multi Commodity Exchange (MCX), the May contract moved down by Rs 18, or 0.34%, to Rs 5,222 per barrel in 526 lots.

Prices fell as speculators trimmed positions.

Trading sentiment remained weak after crude oil prices declined in Asian trade following an unexpected surge in US inventories that showed a sign of weaker demand affected the trade.

On the New York Mercantile Exchange (NYMEX), the May contract shed 4 cents to $94.41 a barrel.

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First Published: Apr 04 2013 | 2:03 PM IST

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