Crude oil futures declined 0.14 per cent to Rs 5,116 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in January shed Rs 7 or 0.14 per cent to Rs 5,116 per barrel with a business volume of 7,138 lots.

Similarly, the oil for February delivery moved down by a similar margin to Rs 5,159 per barrel with a business volume of 847 lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia as weak energy demand and concerns over more fiscal battles in Washington tempered the news of a modest growth in the US jobs market.

Meanwhile, crude oil for delivery in February was down 2 cents at $93.07 a barrel on the New York Mercantile Exchange.

(This article was published on January 7, 2013)
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