ET:Crude oil futures down 0.35% on weak Asian cues
NEW DELHI: Crude oil futures prices on Thursday fell by 0.35 per cent to Rs 5,180 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in April fell by Rs 19 or 0.35 per cent, to Rs 5,180 per barrel in 7,906 lots.
Similarly, the oil for May delivery contracts moved down by Rs 18, or 0.34 per cent, to Rs 5,222 per barrel in 526 lots.
The trading sentiment remained weak at futures trade after crude oil prices declined in Asian trade following an unexpected surge in US inventories, showing a sign of weaker demand, marketmen said.
Meanwhile, crude oil for May delivery shed 4 cents to $ 94.41 a barrel on the New York Mercantile Exchange.
