Crude oil futures prices fell 0.29 per cent to Rs 5,077 per barrel today as speculators trimmed positions amid a weak trend in the Asian trade on growing fears about the Euro zone’s debt woes.
At the Multi Commodity Exchange, crude oil for delivery in June shed Rs 15 or 0.29 per cent to Rs 5,092 per barrel with an open interest of 4,040 lots. Similarly, July contract moved down by Rs 14 or 0.28 per cent to Rs 5,119 per barrel with an open interest of 211 lots.
Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade on growing fears about the Euro zone debt troubles.
Meanwhile, crude oil for delivery in July shed 25 cents to $90.41 a barrel on the New York Mercantile Exchange.