Crude oil futures prices today fell by 0.35 per cent to Rs 6,036 per barrel, after speculators reduced exposures amid a subdued trend in Asian trade on expectations of a further rise in US inventories.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 21 or 0.35 per cent, to Rs 6,036 per barrel in 2,146 lots.
The oil for December delivery moved down by Rs 18, or 0.29 per cent to Rs 6,085 per barrel in a turnover of 129 lots.
The trading sentiment remained bearish at futures trade as crude oil prices declined in Asian trade on expectations of a further increase in US stockpiles, indicating weak demand in the world’s top consumer, analysts said.
Meanwhile, crude oil for December delivery shed 57 cents to $97.63 a barrel in mid-morning trade on the New York Mercantile Exchange.