Continuing its slide, crude oil futures prices fell marginally by 0.28 per cent to Rs 4,667 per barrel today as speculators engaged in reducing their positions.
A weak trend prevailed in the Asian trade on Euro Zone’s financial woes and weak US economic data.
At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 13 or 0.28 per cent to Rs 4,667 per barrel with a business volume of 232 lots.
Similarly, the oil for June delivery moved down by Rs 12 or 0.26 per cent to Rs 4,625 per barrel clocking a turnover of 2,847 lots.
Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade.
Asian trade was hit as weak US consumer data and the Euro Zone’s financial woes dragged on the sentiment ahead of a key OPEC meeting later in the day.
Meanwhile, crude oil for delivery in July was down 23 cents to $82.39 per barrel on the New York Mercantile Exchange.