 "Crude oil down 1.4% on weak Asian cues")
Crude oil futures prices today fell further by 1.44% to Rs 6,360 per barrel, as participants indulged in reducing positions, tracking a weak trend in the Asian region.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 93, or 1.44%, to Rs 6,360 per barrel in 3,453 lots.
In a likewise manner, oil for November moved down by Rs 86, or 1.33%, to Rs 6,389 per barrel in 206 lots.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery eased 15 cents to $103.16 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 93, or 1.44%, to Rs 6,360 per barrel in 3,453 lots.
In a likewise manner, oil for November moved down by Rs 86, or 1.33%, to Rs 6,389 per barrel in 206 lots.
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Analysts said fall in crude oil futures was attributed to a weak trend in Asian trade as traders concerns grew after lacking breakthrough in the US budget stand-off that led to government shutdown.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery eased 15 cents to $103.16 a barrel on the New York Mercantile Exchange in mid-morning trade today.
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