Crude oil down 0.5% on weak Asian cues
Oil for November delivery moved down by 0.36%
 "Crude oil down 0.5% on weak Asian cues")
Crude oil futures fell by 0.52% to Rs 5,582 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 29, or 0.52%, to Rs 5,582 per barrel in 514 lots.
Besides, oil for November delivery moved down by Rs 20, or 0.36%, to Rs 5,592 per barrel in 18 lots.
Meanwhile, West Texas Intermediate crude for October delivery eased 31 cents to USD 92.10, while Brent crude for November was down 44 cents to USD 97.95 a barrel in late-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 29, or 0.52%, to Rs 5,582 per barrel in 514 lots.
Besides, oil for November delivery moved down by Rs 20, or 0.36%, to Rs 5,592 per barrel in 18 lots.
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Analysts said the decline in crude prices at futures trade was primarily after it fell in the Asian trade ahead of key Chinese manufacturing data for clues about demand in the world's top energy consumer.
Meanwhile, West Texas Intermediate crude for October delivery eased 31 cents to USD 92.10, while Brent crude for November was down 44 cents to USD 97.95 a barrel in late-morning trade on the New York Mercantile Exchange.