Crude oil futures fall 0.49%, hurt by weak global cues

Crude oil futures fell 0.49 per cent to Rs 4,065 per barrel Monday in line with a weak overseas trend.

Crude oil for delivery in March contract was trading lower by Rs 20, or 0.49 per cent, at Rs 4,065 per barrel with a business volume of 4,876 lots at Multi Commodity Exchange (MCX).

Analysts said fall in crude oil futures is mostly in tune with a weak trend in global market where it slipped from over three-month high of USD 67.73 profit-booking by speculators.

Meanwhile, West Texas Intermediate was down 0.24 per cent at USD 57.17 while global benchmark Brent was down 0.46 per cent at USD 66.94 a barrel.