This was lower than the price of US$ 109.35/bbl which prevailed on the previous trading day of Nov 29.
In rupee terms also, the crude oil price declined to Rs 6755.07 per bbl on Dec 2 as compared to Rs 6842.94 /bbl on Nov 29.
This was due to decrease in price in dollar terms and rupee depreciation.
Rupee-dollar exchange rate on Dec 2 was Rs 62.23/US$ against Rs 62.39/bbl on previous trading day of Nov 29.
--IBNS (Posted on 03-12-2013)