Crude oil futures eased 0.54 per cent to Rs 2,933 per barrel today as speculators reduced positions amid a weakening trend in Asian markets. At the Multi Commodity Exchange, crude oil for delivery in July traded down by Rs 16, or 0.54 per cent lower, at Rs 2,933 per barrel in 2,897 lots. Oil for August delivery also moved down Rs 14, or 0.47 per cent, to Rs 2,958 per barrel in 85 lots. The trading sentiment dampened in futures trade as participants booked profits after recent gains amid a weak trend overseas, analysts said. Meanwhile, West Texas Intermediate (WTI) crude was trading down 3 cents, or 0.07 per cent, to USD 45.46, while Brent crude eased 2 cents, or 0.04 per cent, to USD 47.72 a barrel on the New York Mercantile Exchange.
Crude oil futures down 0.54 pc on weak Asian trend
Press Trust of India |