NEW DELHI, Aug 1: Crude oil futures fell 0.25 per cent to Rs 5,991 per barrel today as speculators trimmed positions amidst a weak trend in Asian markets.
The trading sentiment turned weak in futures trade following fall in crude oil prices in Asian trade due to sell-off on Wall Street and concerns about unplanned refinery shutdowns in the US midwest, analysts said.
At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 15, or 0.25 per cent, to Rs 5,991 per barrel in 1,145 lots.
The oil for September delivery moved down by Rs 11, or 0.18 per cent, to trade at Rs 5,981 per barrel in a volume of 86 lots.
Meanwhile, West Texas Intermediate (WTI) crude oil for September delivery eased 19 cents to USD 97.98 a barrel, while Brent crude for September was down 13 cents to USD 105.89 per barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
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