Crude oil futures prices fell 0.84 per cent to Rs 2,818 per barrel today, after speculators reduced exposures amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in February fell Rs 24 or 0.84 per cent to Rs 2,818 per barrel in 2,486 lots.
Similarly, the oil for far-month March delivery moved down by Rs 22 or 0.75 per cent to Rs 2,893 per barrel with a turnover of 156 lots.
The sentiment turned weak at the futures trade largely in line with a weak trend in Asia as dealers await the outcome of a US Federal Reserve meeting, analysts said.
Besides, the release of a US supply report is expected to show a surge in crude stockpiles, they said.
Meanwhile, West Texas Intermediate crude oil for March delivery fell 75 cents to $45.48, while Brent for March eased 60 cents to $49.00 a barrel in mid-morning trade on the New York Mercantile Exchange.