Crude oil futures price down on Asian cues
Agencies : New Delhi, Wed Oct 03 2012, 16:38 hrs
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Crude oil futures declined by 0.64 per cent to Rs 4,829 per barrel today in line with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October shed Rs 31, or 0.64 per cent, to Rs 4,829 per barrel, with a business volume of 889 lots.
Similarly, the oil for November delivery moved down by Rs 29, or 0.59 per cent, to Rs 4,860 per barrel, with a turnover of 869 lots.
Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asia after Spanish Prime Minister played down expectations of an immediate bailout for his struggling country.
Meanwhile, crude oil for delivery in November was down 27cents to USD 91.62 a barrel on the New York Mercantile Exchange.
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