Crude oil futures decline on global cues
New Delhi: Crude oil futures fell 0.15 per cent to Rs 4,036 per barrel on Friday after participants reduced positions amid a weak trend in global markets.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 6, or 0.15 per cent, to Rs 4,036 per barrel with a business volume of 27,291 lots.
Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak trend overseas.
Meanwhile, West Texas Intermediate crude oil was trading down 0.90 per cent to USD 56.20. Brent Crude, the international benchmark, fell 0.61 per cent to trade at USD 60.71 a barrel.
