Crude oil futures down on weak Asian cues

Crude oil futures for March shed Rs 45 or 0.89%, to Rs 5,031 per barrel in 21,152 lots.

At the Multi Commodity Exchange (MCX), the April contract moved down by Rs 42, or 0.82%, to Rs 5,078 per barrel in 1,961 lots.

Prices were affected as speculators trimmed positions.

Trading sentiment turned weak after crude oil prices dipped in Asian trade as revised fourth-quarter US economic growth disappointed.

On the New York Mercantile Exchange (NYMEX), crude oil shed 45 cents to $91.60 a barrel.