ET:Crude oil futures extend fall on weak Asian cues
NEW DELHI: Crude oil futures prices today fell further by 1.44 per cent to Rs 6,360 per barrel, as participants indulged in reducing positions, tracking a weak trend in the Asian region.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 93, or 1.44 per cent, to Rs 6,360 per barrel in 3,453 lots.
In a likewise manner, oil for November moved down by Rs 86, or 1.33 per cent, to Rs 6,389 per barrel in 206 lots.
Analysts said fall in crude oil futures was attributed to a weak trend in Asian trade as traders concerns grew after lacking breakthrough in the US budget stand-off that led to government shutdown.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery eased 15 cents to USD 103.16 a barrel on the New York Mercantile Exchange in mid-morning trade today.
