Crude oil down 0.3% on weak Asian cues
Crude oil for September delivery moved down by 0.21%
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<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
Crude oil futures today fell by Rs 22, or 0.34%, to Rs 6,496 per barrel as speculators trimmed positions amid a weakening trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 22, or 0.34%, to Rs 6,496 per barrel in 83 lots.
Similarly, the oil for September delivery moved down by Rs 14, or 0.21%, to Rs 6,537 per barrel in 1,222 lots.
The trading sentiment weakened at futures trade after crude oil prices declined in Asian trade ahead of a US crude inventory report, analysts said.
Meanwhile, West Texas Intermediate crude prices for delivery in September was down 24 cents to USD 106.59 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 22, or 0.34%, to Rs 6,496 per barrel in 83 lots.
Similarly, the oil for September delivery moved down by Rs 14, or 0.21%, to Rs 6,537 per barrel in 1,222 lots.
The trading sentiment weakened at futures trade after crude oil prices declined in Asian trade ahead of a US crude inventory report, analysts said.
Meanwhile, West Texas Intermediate crude prices for delivery in September was down 24 cents to USD 106.59 a barrel in mid-morning trade on the New York Mercantile Exchange.
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First Published: Aug 14 2013 | 12:33 PM IST