Crude oil down 0.1% on weak Asian cues

Crude oil futures prices today fell by 0.17% to Rs 5,395 per barrel, after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, MCX crude oil for delivery in June fell by Rs 9, or 0.17%, to Rs 5,395 per barrel in 7,142 lots. Crude oil for the July delivery moved down by Rs 7, or 0.13%, to Rs 5,426 per barrel in a turnover of 1,061 lots.

The trading sentiment weakened at futures trade as crude prices declined in Asian trade as dealers await the release of crucial US jobs data later in the day, analysts said. Meanwhile, crude oil for the July delivery dropped five cents to $94.71 a barrel on the New York Mercantile Exchange.

Source : Business-Standard