 "Crude oil futures down 0.4% on weak Asian cues")
Crude oil futures prices today fell by 0.40% to Rs 5,538 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June shed Rs 22 or 0.40%, to Rs 5,538 per barrel in 7,348 lots.
Similarly, crude oil for July delivery moved down by Rs 21, or 0.39%, to Rs 5,571 per barrel in 983 lots.
Analysts said a weak trend in Asian trade after a surprise rise in US crude stockpiles mainly put pressure on crude oil prices at futures trade here.
At the Multi Commodity Exchange, crude oil for delivery in June shed Rs 22 or 0.40%, to Rs 5,538 per barrel in 7,348 lots.
Similarly, crude oil for July delivery moved down by Rs 21, or 0.39%, to Rs 5,571 per barrel in 983 lots.
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Meanwhile, crude oil for July delivery shed 37 cents to $95.51 a barrel on the New York Mercantile Exchange.
Analysts said a weak trend in Asian trade after a surprise rise in US crude stockpiles mainly put pressure on crude oil prices at futures trade here.
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