Crude oil down 0.3% on weak Asian cues

Oil for February delivery moved down 0.29%

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Jan 31 2014 | 12:49 PM IST
Crude oil futures fell by 0.32% today to Rs 6,138 per barrel as speculators trimmed positions amid a weakening trend in Asian markets.

At the Multi Commodity Exchange, crude oil for delivery in March fell by Rs 20, or 0.32%, to Rs 5,344 per barrel in 103 lots.

Similarly, oil for February delivery moved down by Rs 18, or 0.29%, to Rs 6,138 per barrel in 2,062 lots.

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The trading sentiment turned weak after crude oil prices declined in thin Asian trade as investors booked profits, marketmen said.

Meanwhile, crude oil for March delivery eased seven cents to $98.16 a barrel at the New York Mercantile Exchange.
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First Published: Jan 31 2014 | 12:48 PM IST

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