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Crude oil down 0.2% on mixed Asian cues

Sentiment turned weak in futures trade largely in line with a mixed trend in Asia

Press Trust of India  |  New Delhi 

Crude Oil image via Shutterstock

Crude oil futures prices today fell by 0.29% to Rs 6,138 per barrel, after speculators reduced exposures amid mixed trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 18, or 0.29%, to Rs 6,138 per barrel in 51 lots.

Oil for the April delivery moved down by Rs 14, or 0.23%, to Rs 6,148 per barrel in a turnover of 1,294 lots.

The sentiment turned weak in futures trade largely in line with a mixed trend in Asia following big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions, analysts said.

Meanwhile, West Texas Intermediate crude oil for the May delivery eased 12 cents to USD 102.44 a barrel in mid-morning trade on the New York Mercantile, while Brent North Sea crude for May was up five cents to USD 107.72.

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First Published: Wed, April 09 2014. 11:02 IST