Crude oil down by 0.6% on weak Asian cues
Speculators reduced their exposures, tracking a weak trend in Asian trade
 "Crude oil down by 0.6% on weak Asian cues")
Crude oil futures today fell by Rs 25, or 0.63% to Rs 3,918 per barrel as speculators reduced their exposures, tracking a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in current month contracts fell by Rs 25, or 0.63%, to Rs 3,918 per barrel in 694 lots.
Besides, oil for January delivery moved down by Rs 20, or 0.50%, to Rs 3,955 per barrel in 174 lots.
Meanwhile, West Texas Intermediate crude for January delivery eased 90 cents to $62.92, while Brent crude for January was down $1.01 at $65.83 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in current month contracts fell by Rs 25, or 0.63%, to Rs 3,918 per barrel in 694 lots.
Besides, oil for January delivery moved down by Rs 20, or 0.50%, to Rs 3,955 per barrel in 174 lots.
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Analysts said the fall in crude prices at futures trade was primarily after it fell in the Asian trade as dealers await the latest US supply report for clues about production levels and weak Chinese and German trade data.
Meanwhile, West Texas Intermediate crude for January delivery eased 90 cents to $62.92, while Brent crude for January was down $1.01 at $65.83 a barrel in mid-morning trade on the New York Mercantile Exchange.