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Crude oil down by 1.8% on Asian cues

Concerns over a US-led military strike on Syria affected crude oil prices

Press Trust of India New Delhi
Crude oil futures prices today fell by 1.82% to Rs 7,392 per barrel, after speculators reduced exposures amid a mixed trend in Asian trade.
 
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 137, or 1.82%, to Rs 7,392 per barrel in 1,246 lots.
 
Oil for September delivery moved down by Rs 132, or 1.76% to Rs 7,375 per barrel in a turnover of 12,442 lots.
 
Analysts said the fall in crude oil at futures trade was mostly in tune with a mixed trend in the Asian region as concerns over a US-led military strike on Syria returned.
 
 
Meanwhile, West Texas Intermediate (WTI) crude for October delivery eased 26 cents to $108.28 per barrel on the New York Mercantile Exchange in mid-morning trade today.

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First Published: Sep 04 2013 | 1:01 PM IST

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