Crude oil down marginally on weak Asian cues
November and December contracts lose 0.04% and 0.09% respectively
 "Crude oil down marginally on weak Asian cues")
Crude oil futures today fell by 0.09 per cent to Rs 4,685 per barrel as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in December lost Rs 4, or 0.09 per cent, to Rs 4,685 per barrel in 212 lots.
November crude shed Rs 2, or 0.04 per cent, to Rs 4,660 per barrel in 1,021 lots.
Meanwhile, West Texas Intermediate crude for December delivery shed 25 cents to USD 75.57, while Brent crude for January was down 31 cents to $79.10 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in December lost Rs 4, or 0.09 per cent, to Rs 4,685 per barrel in 212 lots.
November crude shed Rs 2, or 0.04 per cent, to Rs 4,660 per barrel in 1,021 lots.
Also Read
Analysts said the fall in crude prices in futures trade was primarily after it fell in the Asian trade but losses were limited by speculation that the OPEC cartel would be forced to cut output to prevent further big losses.
Meanwhile, West Texas Intermediate crude for December delivery shed 25 cents to USD 75.57, while Brent crude for January was down 31 cents to $79.10 a barrel in mid-morning trade on the New York Mercantile Exchange.