Crude oil futures slip over 1 pc on weak global cues

Crude oil futures on Tuesday fell by Rs 44 to Rs 3,692 per barrel after participants reduced positions tracking weak trend overseas.

On the Multi Commodity Exchange, crude oil for February delivery dropped by Rs 44, or 1.18 per cent, to Rs 3,692 per barrel with a business volume of 32,460 lots.

Crude oil for March delivery was quoting lower by Rs 43, or 1.14 per cent, to Rs 3,723 per barrel with an open interest of 3,496 lots.

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