This was lower than the price of US$ 110.33/bbl which prevailed on the previous trading day of Dec 4.
In rupee terms also, the crude oil price fell sharply to Rs 6756.29 per bbl on Dec 5 as compared to Rs 6876.87 /bbl on Dec 4.
This was due to decline in price in dollar terms and further helped on by stronger rupee.
Rupee-dollar exchange rate improved on Dec 5 to Rs 61.69/US$ against Rs 62.33/bbl on previous trading day of Dec 4.
--IBNS (Posted on 06-12-2013)