NEW DELHI: Crude oil prices today fell by 0.38 per cent to Rs 5,530 per barrel, after speculators reduced exposures amid weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in July fell by Rs 21, or 0.38 per cent, to Rs 5,530 per barrel in 2,560 lots.
Oil for the June delivery moved down by Rs 20, or 0.36 per cent, to Rs 5,497 per barrel in a turnover of 15,965 lots.
The trading sentiment dampened at futures trade as crude fell in Asian trade following Bank of Japan's decision to hold off unveiling any fresh economic stimulus, analysts said.
Meanwhile, crude oil for the July delivery dropped 61 cents to USD 94.77 a barrel on the New York Mercantile Exchange.
