Wednesday 4 September 2013

Crude oil futures slip to Rs 7,392 per barrel


Crude oil futures prices fell 1.82 per cent to Rs 7,392 per barrel today, after speculators reduced their exposures amid a mixed trend in Asian trade.

On the Multi Commodity Exchange, crude oil for delivery in October fell Rs 137 or 1.82 per cent to Rs 7,392 per barrel in 1,246 lots.

Similarly, the oil for September delivery moved down by Rs 132 or 1.76 per cent to Rs 7,375 per barrel in a turnover of 12,442 lots.

Analysts said the fall in crude oil futures was mostly in tune with a mixed trend in the Asian region as concerns over a US-led military strike on Syria returned.

Meanwhile, West Texas Intermediate (WTI) crude for October delivery eased 26 cents to $108.28 per barrel on the New York Mercantile Exchange in the mid-morning trade.

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