Crude oil futures fell 0.49 per cent to Rs 4,065 per barrel Monday in line with a weak overseas trend. Crude oil for delivery in March contract was trading lower by Rs 20, or 0.49 per cent, at Rs 4,065 per barrel with a business volume of 4,876 lots at Multi Commodity Exchange (MCX).
Analysts said fall in crude oil futures is mostly in tune with a weak trend in global market where it slipped from over three-month high of $67.73 profit-booking by speculators.
Meanwhile, West Texas Intermediate was down 0.24 per cent at $57.17 while global benchmark Brent was down 0.46 per cent at $66.94 a barrel. Read More