NEW DELHI: Crude oil futures prices declined by 0.37 per cent to Rs 4,896 per barrel today in tandem with a weakening trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in July fell by 18, or 0.37 per cent, to Rs 4,896 per barrel, with a business volume of 11,588 lots.
Similarly, the oil for August delivery fell by Rs 17, or 0.34 per cent, to Rs 4,936 per barrel, with a turnover of 2,732 lots.
Marketmen said the fall in crude oil futures prices was in line with a weak trend in Asian trade following a lack of detail on US actions to counter a gloomy economic outlook in a Congressional testimony by Federal Reserve chief Ben Bernanke.
Meanwhile, crude oil for delivery in August was down 26 cents to USD 88.96 a barrel on the New York Mercantile Exchange.
