Crude oil futures down 0.8% on weak Asian cues
Prospects of weaker crude demand form China dragged down prices
 "Crude oil futures down 0.8% on weak Asian cues")
Crude oil futures prices today fell by 0.80% to Rs 5,227 per barrel, after speculators reduced exposures amid weak trend in Asian trade.
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 41, or 0.80%, to Rs 5,227 per barrel in 8,397 lots.
The July contract moved down by Rs 38, or 0.72%, to Rs 5,256 per barrel in 609 lots.
Meanwhile, crude oil for the July delivery dropped 64 cents to $93.51 a barrel on the New York Mercantile Exchange (NYMEX).
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 41, or 0.80%, to Rs 5,227 per barrel in 8,397 lots.
The July contract moved down by Rs 38, or 0.72%, to Rs 5,256 per barrel in 609 lots.
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The trading sentiment turned weak at futures trade as crude prices declined in Asian trade, dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles, analysts said.
Meanwhile, crude oil for the July delivery dropped 64 cents to $93.51 a barrel on the New York Mercantile Exchange (NYMEX).