Crude oil futures slip 0.77 per cent on weak global cues

Crude oil futures fell 0.77 per cent to Rs 4,145 per barrel today after participants reduced exposure in tune with a weak trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in March shed Rs 32, or 0.77 per cent, to Rs 4,145 per barrel, with a business volume of 160 lots.
Oil prices for February delivery also moved down by Rs 30, or 0.72 per cent, to trade at Rs 4,156 per barrel with a business volume of 3,378 lots.
Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weakening trend in Asian trade, where it extended declines since the end of last week amid a wider market sell-off and a stronger dollar.

Meanwhile, West Texas Intermediate crude oil was down by 68 cents, to USD 64.77. Brent, used to price international oils, fell 73 cents, to trade at nearly a month low of USD 67.85 a barrel.