Crude oil futures down 0.40 pc on Asian cues

Crude oil prices today fell by 0.40 per cent to Rs 5,266 per barrel, after speculators reduced exposures amid weak trend in Asian trade.

NEW DELHI: Crude oil prices today fell by 0.40 per cent to Rs 5,266 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 21, or, 0.40 per cent, to Rs 5,266 per barrel in 6,298 lots.

Oil for the July delivery moved down by Rs 20, or, 0.38 per cent, to Rs 5,297 per barrel in a turnover of 561 lots.

The trading sentiment dampened at futures trade as crude fell in Asian trade as data showing weak manufacturing activity in China suggested grow thin the world's second largest economy was slowing, analysts said.

Meanwhile, crude oil for the July delivery dropped 34 cents to $ 93.11 a barrel on the New York Mercantile Exchange.
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