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Crude Oil Futures Fall 1.01% on Global Cues

On Thursday, Crude oil futures fell 1.01 per cent to Rs 4,034 per barrel, in line with a weak trend in overseas markets. Crude oil contracts for September delivery traded lower by Rs 41, or 1.01 per cent, at Rs 4,034 per barrel with a business volume of 28,055 lots on Multi Commodity Exchange (MCX).
The crude oil contracts for October delivery traded down by Rs 42, or 1.03 per cent, to Rs 4,040 per barrel in a business turnover of 724 lots. The fall in oil prices was mostly in tune with a weak trend in global markets, as per Analysts. Globally, West Texas was down 1.54 per cent to $57.68, while global benchmark Brent was down 1.37 per cent to $64.20 a barrel.
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