ET:Crude oil futures down 0.48% on weak Asian cues
NEW DELHI: Crude oil futures prices today fell by 0.48 per cent to Rs 5,135 per barrel, after speculators reduced exposures amid weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 25, or 0.48 per cent, to Rs 5,135 per barrel in 8,372 lots.
Oil for the June delivery moved down by Rs 24, or 0.46 per cent to Rs 5,165 per barrel in a turnover of 1,618 lots.
The trading sentiment turned weak at futures trade as crude prices declined in Asian trade as caution returned to the market following weak US production data, analysts said.
Meanwhile, crude oil for the June delivery dropped 33 cents to USD 93.97 a barrel on the New York Mercantile Exchange.
