Crude oil futures down on weak Asian cues

NEW DELHI: Crude oil futures prices today fell by 0.35 per cent to Rs 6,324 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade on weak Chinese manufacturing data.


At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 22, or 0.35 per cent, to Rs 6,324 per barrel in 146 lots.

In a likewise manner, oil for the month of August moved down by Rs 21, or 0.33 per cent, to Rs 6,372 per barrel in 1,942 lots.

The trading sentiment eased at futures trade as crude oil prices slipped in Asian as weak Chinese manufacturing activity in July fuelled concerns over energy demand in the world's second biggest economy, analysts said.

Meanwhile, West Texas Intermediate (WTI) crude for September delivery dropped 27 cents to USD 106.96 a barrel on the New York Mercantile Exchange in morning trade today.