NEW DELHI, Oct 31: Crude oil futures fell 0.76 per cent to Rs 4,979 per barrel today as speculators trimmed positions amid a weakening trend in Asian trade and a stronger dollar.
At the Multi Commodity Exchange, crude oil for delivery in November fell by Rs 38, or 0.76 per cent, to Rs 4,979 per barrel in 2,251 lots.
In a likewise manner, oil for December delivery moved down by Rs 35, or 0.69 per cent, to Rs 5,003 per barrel in 87 lots.
Analysts said sentiments eased at futures trade after crude oil prices fell in Asian market today on a stronger dollar as dealers speculated whether the Federal Reserve will lift interest rates sooner-than-later, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for December delivery eased 16 cents to USD 80.96, while Brent crude for December fell 31 cents to USD 85.93 a barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel