Crude oil prices fell 1.88 per cent to Rs 4,222 per barrel, on Monday, as participants reduced holdings amid a weak trend overseas.
On the Multi Commodity Exchange, crude for delivery in May fell by Rs 81 or 1.88 per cent, to Rs 4,226 per barrel in a business volume of 20,586 lots.
The oil contracts for delivery in July fell by Rs 133 or 3.04 per cent, to Rs 4,243 per barrel in a business volume of 13 lots.
Analysts said offloading of holdings by participants, in line with a weak trend in global crude, mainly weighed on oil prices here.
