Crude oil down 2.6% on weak Asian cues
Trading sentiment eased at futures trade as crude oil fell after a US-Russia deal on Syria's chemical weapons averted a potential Western military strike on the Assad regime
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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 prices dipped 2.69% today to Rs 6,735 per barrel, as speculators trimmed positions amid a weakening trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 186, or 2.69%, to Rs 6,735 per barrel in 8,496 lots.
Similarly, oil for delivery in October moved down by Rs 186, or 2.68%, to Rs 6,750 per barrel in 927 lots.
The trading sentiment eased at futures trade as crude oil fell after a US-Russia deal on Syria's chemical weapons averted a potential Western military strike on the Assad regime, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for October delivery eased 82 cents to $107.39 a barrel on the New York Mercantile Exchange today.
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First Published: Sep 16 2013 | 12:44 PM IST