NEW DELHI: Crude oil futures prices declined by 0.77 per cent to Rs 5,008 per barrel today largely in tandem with a weak trend in Asian trade on high inventories and weak economic data.
At the Multi Commodity Exchange, crude oil for delivery in November shed Rs 39, or 0.77 per cent, to Rs 5,008 per barrel, with a business volume of 873 lots.
Similarly, the oil for October delivery moved down by Rs 38, or 0.76 per cent, to Rs 4,977 per barrel, with a turnover of 11,988 lots.
Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asia as high inventories and economic data from China and Japan reinforced fears of a global economic slowdown.
Meanwhile, crude oil for delivery in October was down 90 cents to USD 91.08 a barrel on the New York Mercantile Exchange.
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