Crude oil futures prices fell 0.39 per cent to Rs 5,107 per barrel today largely in tandem with a weakening trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 20 or 0.39 per cent to Rs 5,107 per barrel with a business volume of 14,849 lots.

Similarly, September contract also fell by a similar margin to trade at Rs 5,149 per barrel with a turnover of 1,303 lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asian trade on speculation that gains may have been excessive amid worse-than-expected US economic data and signs of decline in seasonal crude demand.

Meanwhile, crude oil for delivery in August was down 72 cents to $91.94 a barrel on the New York Mercantile Exchange.

(This article was published on July 20, 2012)
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