Crude oil futures prices declined by 0.5 per cent to Rs 5,352 per barrel today as speculators reduced positions amid a weak trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 27 or 0.5 per cent to Rs 5,352 per barrel with a business volume of 6,247 lots.
Similarly, the oil for October delivery moved down by a similar margin to Rs 5,384 per barrel with a turnover of 500 lots.
Marketmen said the fall in crude oil futures prices was in line with a weak trend in Asia after weaker-than-expected manufacturing data from China intensified concerns about global economy.
Meanwhile, crude oil for delivery in October was down 16 cents at $96.31 a barrel on the New York Mercantile Exchange.
