NEW DELHI: Crude oil futures prices declined by 0.90 per cent to Rs 5,291 per barrel today as speculators trimmed their positions, tracking a weak trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 52, or 0.90 per cent, to Rs 5,291 per barrel, with a business volume of 22,381 lots.
Similarly, the oil for October delivery moved down by Rs 46, or 0.86 per cent, to Rs 5,326 per barrel, with a turnover of 3,435 lots.
Marketmen said the fall in crude oil futures prices was due to a weak trend in Asian trade with demand concerns in the spotlight despite the European Central Bank's plan to support weak eurozone economies.
Meanwhile, crude oil for delivery in October was down 76 cents to USD 94.77 a barrel on the New York Mercantile Exchange.
