Crude oil futures prices declined 0.81 per cent to Rs 4,785 per barrel today in tandem with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 39 or 0.81 per cent to Rs 4,785 per barrel with a business volume of 11,980 lots.

Similarly, the oil for August delivery moved down by Rs 60 or 0.8 per cent to Rs 4,829 per barrel with a turnover of 1,051 lots.

Marketmen said the fall in crude oil futures prices was in line with a weak trend in Asian trade as worries over the global economy were rekindled following interest rate cuts by central banks in Europe and China.

Meanwhile, crude oil for delivery in August was down 37 cents at $86.85 a barrel on the New York Mercantile Exchange.

(This article was published on July 6, 2012)
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