ET:Crude oil futures down 0.56% on weak Asian cues
NEW DELHI: Crude oil futures prices on Wednesday fell by 0.56 per cent to Rs 5,334 per barrel, after speculators reduced exposures amid weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 30, or 0.56 per cent, to Rs 5,334 per barrel in 10,276 lots.
Oil for the July delivery moved down by Rs 28, or 0.52 per cent, to Rs 5,362 per barrel in a turnover of 890 lots.
The trading sentiment weakened at futures trade as crude prices declined in Asian trade after traders booked profits ahead of key inventory data from the US, analysts said.
Meanwhile, crude oil for the July delivery dropped 20 cents to $ 94.81 a barrel on the New York Mercantile Exchange.
