 "Crude oil down 0.2% on weak Asian cues")
Crude oil futures eased by 0.21% to Rs 6,225 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in July fell by Rs 13, or 0.21%, to Rs 6,225 per barrel in 3,361 lots.
August crude moved down by Rs 11, or 0.18%, to Rs 6,224 per barrel in 213 lots.
Easing concerns about the Iraq crisis also affected crude prices at futures trade here.
Meanwhile, West Texas Intermediate crude for August delivery eased 47 cents to $104.01, while Brent crude for August was down 33 cents to $110.91 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in July fell by Rs 13, or 0.21%, to Rs 6,225 per barrel in 3,361 lots.
August crude moved down by Rs 11, or 0.18%, to Rs 6,224 per barrel in 213 lots.
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Analysts said a weak trend in Asian trade on prospects that Libya will begin exporting more crude into a global market flush with supplies weighed on prices.
Easing concerns about the Iraq crisis also affected crude prices at futures trade here.
Meanwhile, West Texas Intermediate crude for August delivery eased 47 cents to $104.01, while Brent crude for August was down 33 cents to $110.91 a barrel in mid-morning trade on the New York Mercantile Exchange.
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