Crude oil futures fall on global cues
Globally, West Texas Intermediate crude oil was down 1.24 per cent to USD 54.97 a barrel.
Commodity Summary MCX
On the Multi Commodity Exchange, crude oil for delivery in August contracts fell by Rs 18, or 0.46 per cent, to Rs 3,873 per barrel with a business turnover of 29,110 lots.
Analysts said trading sentiments turned weak after prices eased in global markets and profit-booking by speculators mainly exerted pressure on prices.
Globally, West Texas Intermediate crude oil was down 1.24 per cent to USD 54.97 a barrel, while brent, the international benchmark also shed 1.36 per cent to USD 61.05 a barrel.