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Crude oil down 0.2% on weak Asian cues

Oil for November moved down by 0.19%

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil futures prices today fell further by 0.22% to Rs 6,388 per barrel, as participants indulged in reducing positions, tracking a weak trend in the Asian region.

At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 14 or 0.22%, to Rs 6,388 per barrel in 1,647 lots.

In a likewise manner, oil for November moved down by Rs 12, or 0.19%, to Rs 6,408 per barrel in 100 lots.

Analysts said fall in crude oil futures was attributed to a weak trend in Asian trade after the United States and Russia agreed a draft UN Security Council resolution on destroying Syria's chemical arms.
 

Meanwhile, West Texas Intermediate (WTI) crude for November delivery eased 32 cents to $102.791 a barrel on the New York Mercantile Exchange in mid-morning trade today.

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First Published: Sep 27 2013 | 12:55 PM IST

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