Crude oil down 0.27% on global cues

Concerns that global stimulus measures won't be enough to bolster growth influences prices

Crude oil futures declined by 0.27% to Rs 4,882 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in October shed Rs 13, or 0.27%, to Rs 4,882 per barrel, with a business volume of 12,826 lots.

The November contract moved down by Rs 13, or 0.26%, to Rs 4,911 per barrel, with a turnover of 1,122 lots.

Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asia amid concerns that global stimulus measures won't be enough to bolster growth, curbing demand prospects.

Meanwhile, crude oil for delivery in November was down 33 cents to $91.04 a barrel on the New York Mercantile Exchange.