Crude oil futures down on Asian cues

NEW DELHI: Crude oil futures prices declined by 0.37 per cent to Rs 5,130 per barrel today largely in tandem with a weak trend in Asian trade on profit-booking.

At the Multi Commodity Exchange, crude oil for delivery in October shed Rs 19, or 0.37 per cent, to Rs 5,130 per barrel, with a business volume of eight lots.

Similarly, the oil for November delivery moved down by Rs 18, or 0.30 per cent, to Rs 5,167 per barrel, with a turnover of three lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asian trade on profit-booking after last week rally ahead of the release of Chinese trade data later this week.

Meanwhile, crude oil for delivery in September fell 12 cents to USD 91.28 a barrel on the New York Mercantile Exchange.