Crude oil futures fall Rs 22 on Asian cues

NEW DELHI, July 1:Crude oil prices declined Rs 22 to Rs 3,799 per barrel in futures trading today as participants trimmed their positions amid a weak trend in Asian trade.
Crude oil for delivery in August fell Rs 22, or 0.58 per cent, to Rs 3,799 per barrel in a business turnover of 67 lots at Multi Commodity Exchange.
Likewise, the oil for delivery in July shed Rs 21, or 0.56 per cent, to Rs 3,755 per barrel in 1,988 lots.
Analysts said the trading sentiment weakened after crude prices eased in Asian trading after Greece missed a 1.5-billion euro (USD 1.7-billion) payment to the International Monetary Fund.
Meanwhile, West Texas Intermediate for August delivery fell 68 cents to USD 58.79 while Brent crude was down 58 cents at USD 63.01. (PTI)