NEW DELHI: Crude oil futures declined by 0.57 per cent to Rs 5,274 per barrel today in line with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in April shed Rs 30, or 0.57 per cent, to Rs 5,274 per barrel, with a business volume of 4,441 lots.
Oil prices for May delivery moved down by 0.56 per cent to Rs 5,312 per barrel, with a business volume of 373 lots.
Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia as a pipeline closure in the US led to fears that inventories could rise and investors waited for the release of US payrolls data.
Meanwhile, crude oil for delivery in May was down by 57 cents, to $ 96.62 a barrel on the New York Mercantile Exchange.
