Crude oil futures down on weak Asian cues

NEW DELHI, Sept 19:  Crude oil futures prices today fell by 0.39 per cent to Rs 5,623 per barrel, as speculators reduced their exposures amidst a weak trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October contracts down by  Rs 22, or 0.39 per cent, to Rs 5,623 per barrel in 1,159 lots.
The oil for September delivery moved down by Rs 20, or 0.35 per cent, to trade at Rs 5,652 per barrel in a volume of 1,614 lots.
Analysts said the trading sentiment was weak in futures trade after oil prices edged lower in Asia under pressure from a supply glut and a strengthening US dollar.
Meanwhile, West Texas Intermediate (WTI) crude oil for October delivery was down 20 cents at USD 92.87 a barrel, while Brent North Sea crude eased 15 cents to USD 97.55 per barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)