 "Crude oil down 0.5% on weak Asian cues")
Crude oil futures prices today fell further by 0.58% to Rs 6,300 per barrel, as participants engaged in trimming positions, tracking a weak trend in the Asian region.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 37, or 0.58%, to Rs 6,300 per barrel in 2,770 lots.
In a likewise manner, oil for November shed Rs 32, or 0.50%, to Rs 6,335 per barrel in 201 lots.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery was down 28 cents to $102.73 a barrel on the New York Mercantile Exchange in mid-morning trade today.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 37, or 0.58%, to Rs 6,300 per barrel in 2,770 lots.
In a likewise manner, oil for November shed Rs 32, or 0.50%, to Rs 6,335 per barrel in 201 lots.
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Analysts said fall in crude oil futures was attributed to a weak trend in Asian trade despite hopes of a breakthrough in the budget impasse in Washington, as dealers focused on a US supply glut.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery was down 28 cents to $102.73 a barrel on the New York Mercantile Exchange in mid-morning trade today.