Crude oil down 1.1% on weak Asian cues
Oil for March delivery moved down by 1.03%
 "Crude oil down 1.1% on weak Asian cues")
Crude oil futures prices today fell by 1.14% to Rs 6,063 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in February fell by Rs 70, or 1.14%, to Rs 6,063 per barrel in 7,880 lots.
Similarly, the oil for March delivery moved down by Rs 63, or 1.03%, to Rs 6,077 per barrel in 398 lots.
Meanwhile, crude oil for March delivery shed 23 cents to USD 97.18 a barrel on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in February fell by Rs 70, or 1.14%, to Rs 6,063 per barrel in 7,880 lots.
Similarly, the oil for March delivery moved down by Rs 63, or 1.03%, to Rs 6,077 per barrel in 398 lots.
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The sentiment turned weak at futures trade after crude oil prices declined in Asian trade on expectations of an increase in US inventories and as traders await a Federal Reserve decision on the future of stimulus programme, analysts said.
Meanwhile, crude oil for March delivery shed 23 cents to USD 97.18 a barrel on the New York Mercantile Exchange.