Crude oil futures prices fell by Rs 85 to Rs 4,539 per barrel today as speculators trimmed their positions amid a weakening global trend.
Trading sentiment weakened after crude oil fell to the lowest in almost eight months in global markets on signs of an economic slowdown in the US and China.
At the MCX, crude oil for delivery in June fell by Rs 85, or 1.84%, to Rs 4,539 per barrel in business turnover of 34,826 lots.
The July contract moved down by Rs 85, or 1.82%, to Rs 4,583 per barrel in 3,534 lots.
Analysts attributed to the fall in crude oil futures to weakening global trend.
The July contract fell $1.64 to $81.59 a barrel on the New York Mercantile Exchange.