Crude oil futures down 0.28% on weak Asian cues

Traders pare positions as commodity sheds 33 cents in New York

Crude oil futures today fell by 0.28 per cent to Rs 6,077 per barrel as speculators trimmed positions amid a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 17, or 0.28 per cent, to Rs 6,094 per barrel in 495 lots.

The June contract moved down by Rs 14, or 0.23 per cent, to Rs 6,072 per barrel in 48 lots.

Analysts said the fall in crude prices at futures trade was primarily after it fell in the Asian trade, following a rally in the previous session.

Meanwhile, West Texas Intermediate crude for June delivery shed 33 cents to $102.04 a barrel in mid-morning trade on the New York Mercantile Exchange.