Crude oil prices declined by 0.57% to Rs 5,054 per barrel in futures trading today as speculators reduced exposures amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 29, or 0.57%, to Rs 5,054 per barrel in a business turnover of 4,662 lots.
Likewise, the oil for delivery in December shed Rs 24, or 0.47%, to Rs 5,075 per barrel in 191 lots.
Analysts said the trading sentiment weakened at futures trade after crude oil prices edged lower in Asian markets today.
Meanwhile, West Texas Intermediate for December delivery eased 27 cents to $81.93 while Brent crude for December fell 14 cents to USD 86.98 in mid-morning trade.
Source: Business Standard
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