Crude oil down on weak global cues

Crude oil futures prices today fell 0.21% to Rs 5,135 per barrel, as speculators trimmed positions amid a weakening trend overseas.

At the Multi Commodity Exchange, crude oil for delivery in the May contract declined by is 11, or 0.21%, to Rs 5,135 per barrel in a turnover of 15,907 lots.

The June delivery moved down by Rs 10, or 0.19%, to Rs 5,180 per barrel in 1,794 lots.

Analysts said trading sentiment turned weak at futures trade after crude oil prices fell in Asian trade amid mounting worries over Europe's debt crisis and calls by major crude producer Saudi Arabia for prices to fall further.

Meanwhile, crude oil for delivery in June fell 84 cents to $95.29 a barrel in morning trade today on the New York Mercantile Exchange.