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Crude oil futures fell 0.39 per cent to Rs 4,621 per barrel today after speculators reduced exposures amid a mixed trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in December fell Rs 18 or 0.39 per cent to Rs 4,621 per barrel in a volume of 917 lots.
Similarly, the oil for November delivery moved down by Rs 15 or 0.33 per cent to Rs 4,592 per barrel in a turnover of 1,196 lots.
The sentiment turned weak at the futures trade largely in line with a mixed trend in Asia as dealers predicted that leading producer Saudi Arabia will resist pressure from other OPEC members to cut output in a bid to prop up falling prices, analysts said.
Meanwhile, West Texas Intermediate crude oil for December delivery eased by 20 cents to $74.41, while Brent crude for January delivery rose 10 cents to $78.57 a barrel in late-morning trade on the New York Mercantile Exchange.
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