Crude oil futures down on weak Asian cues

NEW DELHI: Continuing its slide, crude oil futures price today fell marginally by 0.28 per cent to Rs 4,667 per barrel as speculators engaged in reducing their positions amid a weak trend in the Asian trade on eurozone's financial woes and weak US economic data.

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 13, or 0.28 per cent, to Rs 4,667 per barrel, with a business volume of 232 lots.

Similarly, the oil for June delivery moved down by Rs 12, or 0.26 per cent, to Rs 4,625 per barrel, clocking a turnover of 2,847 lots.

Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade as weak US consumer data and the eurozone's financial woes dragged on sentiment ahead of a key OPEC meeting later in the day.

Meanwhile, crude oil for delivery in July was down 23 cents to USD 82.39 per barrel on the New York Mercantile Exchange.