Crude oil futures prices declined by 0.90% to Rs 5,291 per barrel today as speculators trimmed their positions, tracking a weak trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 52, or 0.90%, to Rs 5,291 per barrel, with a business volume of 22,381 lots.
The October contract moved down by Rs 46, or 0.86%, to Rs 5,326 per barrel, with a turnover of 3,435 lots.
Marketmen said the fall in crude oil futures prices was due to a weak trend in Asian trade with demand concerns in the spotlight despite the European Central Bank's plan to support weak eurozone economies.
Meanwhile, crude oil for delivery in October was down 76 cents to $94.77 a barrel on the New York Mercantile Exchange.
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