Crude oil futures prices declined by 0.37% to Rs 4,896 per barrel today in tandem with a weakening trend in Asian trade.
At the Multi Commodity Exchange, the July contract for crude oil fell by 18, or 0.37%, to Rs 4,896 per barrel, with a business volume of 11,588 lots.
The August contract fell by Rs 17, or 0.34%, to Rs 4,936 per barrel, with a turnover of 2,732 lots.
Marketmen said the fall in crude oil futures prices was in line with a weak trend in Asian trade following a lack of detail on US actions to counter a gloomy economic outlook in a Congressional testimony by Federal Reserve chief Ben Bernanke.
Meanwhile, the August contract for crude oil was down 26 cents to $88.96 a barrel on the New York Mercantile Exchange.