Crude oil futures prices declined by 0.41 per cent to Rs 5,133 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 41 or 0.41 per cent to Rs 5,133 per barrel with a business volume of 15,498 lots.

Similarly, the oil for September delivery moved down by Rs 22 or 0.42 per cent to Rs 5,188 per barrel with a turnover of 1,959 lots.

Marketmen said the fall in crude oil futures prices was in line with a weakening trend in Asia as a collapse in China’s export growth added to signs that the global economy is weakening.

Meanwhile, crude oil for delivery in September fell 42 cents to $92.94 a barrel on the New York Mercantile Exchange.

(This article was published on August 10, 2012)
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