NEW DELHI, July 3: Crude oil futures eased by 0.21 per cent to Rs 6,225 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in July fell by Rs 13, or 0.21 per cent, to Rs 6,225 per barrel in 3,361 lots.
Besides, oil for August delivery moved down by Rs 11, or 0.18 per cent, to Rs 6,224 per barrel in 213 lots.
Analysts said a weak trend in Asian trade on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis, mainly weighed on crude prices at futures trade here.
Meanwhile, West Texas Intermediate crude for August delivery eased 47 cents to USD 104.01, while Brent crude for August was down 33 cents to USD 110.91 a barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
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