Crude oil futures down on weak Asian cues

Similarly,the oil for July delivery moved down by Re 1,or 0.02 per cent,to Rs 5,003 per barrel,with an open interest of 185 lots.

Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade with prices hitting multi-month lows as Spain’s banking woes intensified worries about the euro zone.

Meanwhile,crude oil for delivery in July was down 24 cents to USD 87.58 per barrel,lowest level since October on the New York Mercantile Exchange.