Crude oil down on Asian cues

Prices down nearly 0,4% from previous close

Crude oil futures prices declined by 0.36% to Rs 4,678 per barrel today as speculators locked-in gains amid a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 17, or 0.36%, to Rs 4,678 per barrel, with a business volume of 7,029 lots.

The August contract delivery moved down by Rs 17, or 0.36%, to Rs 4,721 per barrel, with a turnover of 646 lots.

Marketmen said the fall in crude oil futures prices was mostly due to profit-booking after recent gains and a weak trend in the Asian trade on poor manufacturing data from China.

The August contract was down $1.03 to $83.93 a barrel on the New York Mercantile Exchange.