Crude oil prices traded on a flat note with a negative bias in Asian trades on Monday September 26, 2011 since investors treaded cautiously amid the fragile global setup as Finance leaders from the US, UK, Canada and China warned European leaders to swiftly tackle the storm over Europe and its banks which have pushed the European economy to the brink of a fresh recession. The oil prices also remained amid the selling pressure due to the volatility in American greenback which hovered at elevated levels making the prices of the commodity costlier for holders of other currencies.

Benchmark crude for November delivery eased 50 cents to $79.35 a barrel on the New York Mercantile Exchange. In London, Brent crude for November delivery shed 49 cents to $103.48 a barrel on the ICE Futures exchange.