Crude oil prices today fell 0.4 per cent to Rs 5,266 per barrel, after speculators reduced their exposures amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in June fell Rs 21 or 0.4 per cent to Rs 5,266 per barrel in 6,298 lots. Similarly, the oil for July delivery moved down by Rs 20 or 0.38 per cent to Rs 5,297 per barrel in a turnover of 561 lots.
Trading sentiment dampened at the futures trade as crude fell in Asian trade as data showing weak manufacturing activity in China suggested that the growth in the world’s second largest economy was slowing, analysts said.
Meanwhile, crude oil for July delivery dropped 34 cents to $93.11 a barrel on the New York Mercantile Exchange.