Crude oil futures declined 0.19 per cent to Rs 5,688 per barrel today in line with a weak trend in Asian trade.

On the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11 or 0.19 per cent to Rs 5,688 per barrel with a business volume of 881 lots.

Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel with a business volume of 45 lots.

Marketmen said the fall in crude oil futures was mostly in tandem with a weak trend in Asian trade on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.

Meanwhile, West Texas Intermediate crude oil for delivery in October was down by six cents to $93.39, while Brent crude for October eased 24 cents to $102.04 a barrel in late-morning trade on the New York Mercantile Exchange.

comment COMMENT NOW