 "Crude oil down 0.4% on overseas cues")
Crude oil prices moved down further by 0.4% to Rs 6,035 per barrel in futures trade today as participants engaged in trimming positions, taking a weak cues from overseas markets.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 24, or 0.4%, to Rs 6,035 per barrel in business turnover of 1,006 lots.
In a similar fashion, the oil for delivery in December traded lower by Rs 23, or 0.38%, to Rs 6,079 per barrel in 84 lots.
Meanwhile, West Texas Intermediate (WTI) crude oil prices for December delivery slipped by 4 cents down at USD 98.14 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 24, or 0.4%, to Rs 6,035 per barrel in business turnover of 1,006 lots.
In a similar fashion, the oil for delivery in December traded lower by Rs 23, or 0.38%, to Rs 6,079 per barrel in 84 lots.
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Analysts said persistent fall in crude oil futures was attributed to a weak trend in overseas markets as dealers focused on rising stockpiles that indicate weak demand in the US, world's biggest economy.
Meanwhile, West Texas Intermediate (WTI) crude oil prices for December delivery slipped by 4 cents down at USD 98.14 a barrel in mid-morning trade on the New York Mercantile Exchange.
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