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Crude oil futures down 0.6% on weak Asian cues

Prices went down as traders booked profits ahead of key inventory data from US

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil futures prices today fell by 0.56% to Rs 5,334 per barrel, after speculators reduced exposures amid weak trend in Asian trade.

At the Multi Commodity Exchange (MCX), the June fell by Rs 30, or 0.56%, to Rs 5,334 per barrel in 10,276 lots.

The July delivery moved down by Rs 28, or 0.52%, to Rs 5,362 per barrel in 890 lots.

The trading sentiment weakened at futures trade as crude prices declined in Asian trade after traders booked profits ahead of key inventory data from the US, analysts said.

Meanwhile, crude oil for the July delivery dropped 20 cents to $94.81 a barrel on the New York Mercantile Exchange (NYMEX).

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First Published: May 29 2013 | 2:24 PM IST

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