Crude oil falls by 0.5% on global cues

Crude oil futures slipped Rs 15 to Rs 3,143 per barrel today, in line with a weak trend in Asian trade, as traders cut down their exposure.

Crude oil for delivery in November was trading lower by Rs 15, or 0.47%, at Rs 3,143 per barrel, with a business volume of 1,321 lots at Multi Commodity Exchange (MCX).

Also, oil prices for December delivery moved down Rs 15, or 0.46%, to trade at Rs 3,216 per barrel, with a business volume of 106 lots.

Analysts said the fall in crude oil futures is mostly in step with a flat trend in Asian trade as investors weighed on US petroleum industry data showing a build-up in crude stockpiles and news that shipments from a Libyan port were halted due to tensions.
 
US benchmark West Texas Intermediate for December delivery fell one cent to $47.89, while Brent for December was up two cents at $50.56.