Crude oil futures decline on overseas cues

NEW DELHI, Oct 5: Crude oil futures fell by Rs 10 to Rs 3,256 per barrel today as speculators offloaded bets amid a weak trend overseas.

Marketmen said trading sentiments dampened in futures trade here after oil prices retreated in global market.

At the Multi Commodity Exchange, crude oil for delivery in current month was trading down by Rs 10, or 0.31 per cent at Rs 3,256 per barrel in 3,989 lots.

The oil for November also fell Rs 9, or 0.27 per cent, to Rs 3,289 per barrel in a volume of 145 lots.

West Texas Intermediate (WTI) crude oil eased 5 cents, to USD 49.93 a barrel, while global benchmark Brent crude was up 2 cents, at USD 55.82 per barrel. (PTI)