Crude oil futures fall 1.01 pc on global cues

Crude oil futures fell 1.01 per cent to Rs 4,034 per barrel on Thursday in line with a weak trend in overseas markets.

Crude oil contracts for September delivery traded lower by Rs 41, or 1.01 per cent, at Rs 4,034 per barrel with a business volume of 28,055 lots on Multi Commodity Exchange (MCX).

The crude oil contracts for October delivery traded down by Rs 42, or 1.03 per cent, to Rs 4,040 per barrel in a business turnover of 724 lots.

Analysts said the fall in oil prices was mostly in tune with a weak trend in global markets.

Meanwhile, West Texas Intermediate was down 1.54 per cent to USD 57.68, while global benchmark Brent was down 1.31 per cent to USD 64.20 a barrel.