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Crude oil futures down 1.82% on Asian cues

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



New Delhi: Crude oil futures prices on Wednesday fell by 1.82 percent to Rs 7,392 per barrel, after speculators reduced exposures amid a mixed trend in Asian trade.

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

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

Analysts said the fall in crude oil at futures trade 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 USD 108.28 per barrel on the New York Mercantile Exchange in mid-morning trade today.

PTI

From Zee News

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