Crude Oil Futures Fall on Weak Global Cues

New Delhi: Crude oil price fell marginally by Rs 3 to Rs 7,807 per barrel in the futures trade on Monday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for the September delivery slipped by Rs 3, or 0.04 per cent, to Rs 7,807 per barrel in a business turnover of 804 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Also Read: How To Invest In Crude Oil

Globally, West Texas Intermediate crude was trading 0.52 per cent lower at USD 81.97 per barrel, while Brent crude declined 0.01 per cent to USD 88.51 per barrel in New York.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)