Crude oil futures down on profit-booking

NEW DELHI, Sept 20: Crude oil futures prices today fell 0.45 per cent to Rs 6,600 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 30, or 0.45 per cent, to Rs 6,600 per barrel in 1,609 lots.

Likewise, oil for November moved down by Rs 27, or 0.41 per cent, to Rs 6,580 per barrel in 282 lots.

Analysts said the trading sentiment eased at futures trade as crude oil prices fell in Asian trade as investors booked profits after a recent rally.

Prices had surged after the US Federal Reserve decided to continue with its USD 85 billion-a-month bond-buying programme to support US economic growth, confounding market expectations it will announce a scaling down of the scheme.

Meanwhile, West Texas Intermediate (WTI) crude for October delivery fell 33 cents to USD 106.06 a barrel on the New York Mercantile Exchange in mid-morning trade today. (PTI)