Crude oil futures prices today fell 0.47 per cent to Rs 5,047 per barrel, after speculators reduced their exposures amid a subdued trend in Asian trade on weak economic data from the US.
At the Multi Commodity Exchange, crude oil for delivery in May fell Rs 24 or 0.47 per cent to Rs 5,047 per barrel in 4,780 lots. Similarly, the oil for June delivery moved down by a similar margin to Rs 5,080 per barrel in a turnover of 340 lots.
Trading sentiment remained bearish at the futures trade as crude oil prices declined in Asian trade as weak economic data from the US sparked concerns over a softer demand, analysts said.
Meanwhile, crude oil for June delivery shed 48 cents to $92.52 a barrel on the New York Mercantile Exchange.