Crude oil futures prices dipped 2.69% today to Rs 6,735 per barrel, as speculators trimmed positions amid a weakening trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 186, or 2.69%, to Rs 6,735 per barrel in 8,496 lots.
Similarly, oil for delivery in October moved down by Rs 186, or 2.68%, to Rs 6,750 per barrel in 927 lots.
The trading sentiment eased at futures trade as crude oil fell after a US-Russia deal on Syria's chemical weapons averted a potential Western military strike on the Assad regime, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for October delivery eased 82 cents to $107.39 a barrel on the New York Mercantile Exchange today.
