Crude oil futures prices fell 0.44 per cent to Rs 5,638 per barrel today, as speculators trimmed their positions amid a weakening trend in the Asian trade on profit-booking.
On the Multi Commodity Exchange, crude oil for delivery in June shed Rs 25 or 0.44 per cent to Rs 5,638 per barrel in 5,780 lots. Similarly, the oil for July delivery moved down by Rs 24 or 0.42 per cent to Rs 5,668 per barrel in 1,343 lots.
Trading sentiment eased at the futures trade as crude oil prices declined in Asian trade after investors took profits following last week’s rally triggered by concerns over rising tensions in West Asia, analysts said.
Meanwhile, crude oil for April delivery dropped 19 cents to $97.66 a barrel on the New York Mercantile Exchange.