NEW DELHI, May 27: Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculators reduced exposures amid weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 per cent, to Rs 5,227 per barrel in 8,397 lots.
Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrel in a turnover of 609 lots.
The trading sentiment turned weak at futures trade as crude prices declined in Asian trade, dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles, analysts said.
Meanwhile, crude oil for the July delivery dropped 64 cents to USD 93.51 a barrel on the New York Mercantile Exchange. (PTI)_
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