Crude oil futures down on weak Asian cues
New Delhi: Crude oil futures prices on Thursday fell by 0.43 percent to Rs 6,085 per barrel, as speculators trimmed positions, tracking a weakening trend in the Asian trade on profit-taking.
At the Multi Commodity Exchange, crude oil prices for delivery in July shed Rs 26, or 0.43 percent, to Rs 6,085 per barrel in 3,241 lots.
Likewise, oil prices for August delivery moved down by Rs 26, or 0.42 percent to Rs 6,092 per barrel in 692 lots.
The trading sentiment eased at futures trade as crude oil prices declined in Asian trade largely on profit-taking, but remained concerned about the political turmoil in Egypt, analysts said.
Meanwhile, crude oil prices for August delivery down 8 percent to USD 101.16 a barrel on the New York Mercantile Exchange after ending at its highest level yesterday since May last year.