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Crude oil futures declined 0.36 per cent to Rs 4,652 per barrel today in line with a weak trend in Asian market on demand concerns.
At the Multi Commodity Exchange, crude oil for delivery in November, shed Rs 17 or 0.36 per cent to Rs 4,652 per barrel with a business volume of 16,823 lots. Similarly, the oil for December delivery moved down by a similar margin to Rs 4,701 per barrel with a business turnover of 1,355 lots.
Marketmen said fall in crude oil futures prices was in line with a weakening trend in Asia as US refineries cut crude production in anticipation of a plunge in energy demand ahead of the Hurricane Sandy megastorm.
Meanwhile, crude oil for delivery in December was down 32 cents at $85.96 a barrel on the New York Mercantile Exchange.
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