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Crude oil futures fell Rs 23 to Rs 2,830 per barrel today as speculators offloaded positions amid a weak trend in Asian markets.
Trading sentiment turned weak at the futures trade following a fall in crude oil prices in Asian markets as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers’ meeting in Qatar next month, analysts said.
At the Multi Commodity Exchange, crude oil for delivery in far-month May dropped Rs 23 or 0.81 per cent to Rs 2,830 per barrel in 52 lots.
The oil for April delivery fell Rs 21 or 0.76 per cent to Rs 2,749 per barrel in a volume of 2,594 lots.
Meanwhile, US benchmark West Texas Intermediate (WTI) crude for May delivery eased by 46 cents to $40.99, while Brent crude for May delivery dipped 41 cents to $41.38 per barrel.
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