Crude oil futures fell Rs 66 to Rs 4,027 per barrel today as speculators reduced their bets due to a weak trend overseas.
At the Multi Commodity Exchange, crude for delivery in March dropped Rs 66 or 1.61 per cent to Rs 4,027 per barrel in 4,365 lots. Similarly, oil for delivery in April moved down Rs 64 or 1.56 per cent to Rs 4,031 per barrel in 121 lots.
Marketmen said trading sentiment dampened at the futures trade after crude oil prices eased in global market after US inventories rose 3 million barrels last week.
Meanwhile, West Texas Intermediate (WTI) crude rose 0.13 per cent to $61.72, while Brent crude slipped 0.05 per cent to $64.70 per barrel on the New York Mercantile Exchange.
