Crude oil down 0.6% on weak Asian cues
Oil prices for May delivery also moved down by 0.54%
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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 eased by 0.62% to Rs 6,243 per barrel today after speculators trimmed positions in tandem with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in April shed Rs 39, or 0.62%, to Rs 6,243 per barrel, with a business volume of 1,498 lots.
Oil prices for May delivery also moved down by Rs 34 , or 0.54%, to Rs 6,230 per barrel, with a business volume of 185 lots.
Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia but losses were limited as Russia-Ukrain tensions showed no signs of abating, raising fears of a disruption to energy supplies to Western Europe.
Meanwhile, West Texas Intermediate crude oil for delivery in May was down 72 cents, to $103.33 a barrel on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in April shed Rs 39, or 0.62%, to Rs 6,243 per barrel, with a business volume of 1,498 lots.
Oil prices for May delivery also moved down by Rs 34 , or 0.54%, to Rs 6,230 per barrel, with a business volume of 185 lots.
Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia but losses were limited as Russia-Ukrain tensions showed no signs of abating, raising fears of a disruption to energy supplies to Western Europe.
Meanwhile, West Texas Intermediate crude oil for delivery in May was down 72 cents, to $103.33 a barrel on the New York Mercantile Exchange.
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First Published: Apr 15 2014 | 11:12 AM IST