 "Crude oil down 0.02% on global cues")
Crude oil eased to Rs 6,079 per barrel today in line with a weak trend in Asian trade as speculators trimmed positions.
At the Multi Commodity Exchange, crude oil for delivery in January fell by Re one, or 0.02%, to Rs 6,079 per barrel, with a business volume of 548 lots.
Oil prices for delivery in February next year contracts fell by a similar margin to trade at Rs 6,110 per barrel, in business volume of 20 lots.
Meanwhile, crude oil for delivery in January was down 11 cents, to $97.37 a barrel on the New York Mercantile Exchange, while Brent North Sea crude for February shed 20 cents to $109.21.
At the Multi Commodity Exchange, crude oil for delivery in January fell by Re one, or 0.02%, to Rs 6,079 per barrel, with a business volume of 548 lots.
Oil prices for delivery in February next year contracts fell by a similar margin to trade at Rs 6,110 per barrel, in business volume of 20 lots.
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Marketmen said the fall in crude oil futures prices was mostly in tune with a weak trend in Asian trade on growing expectations the US Federal Reserve will scale back its stimulus programme after a key two-day policy meeting starting today.
Meanwhile, crude oil for delivery in January was down 11 cents, to $97.37 a barrel on the New York Mercantile Exchange, while Brent North Sea crude for February shed 20 cents to $109.21.
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