Crude oil futures declined by 0.19 per cent to Rs 5,688 per barrel today in line with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11, or 0.19 per cent, to Rs 5,688 per barrel, with a business volume of 881 lots.
Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 45 lots.
the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.
Meanwhile, West Texas Intermediate crude oil for delivery in October was down by six cents to $ 93.39 while Brent for October eased 24 cents to $ 102.04 a barrel in late-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11, or 0.19 per cent, to Rs 5,688 per barrel, with a business volume of 881 lots.
Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 45 lots.
the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.
Meanwhile, West Texas Intermediate crude oil for delivery in October was down by six cents to $ 93.39 while Brent for October eased 24 cents to $ 102.04 a barrel in late-morning trade on the New York Mercantile Exchange.
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