 "Crude oil falls by 1% on weak overseas cues")
Crude oil futures were down Rs 35 at Rs 3,606 per barrel today as participants lightened their positions in line with a weak trend in Asian trade.
At Multi Commodity Exchange (MCX), crude oil for delivery in July was trading lower by Rs 35, or 0.96%, at Rs 3,606 per barrel, with a business turnover of 1,099 lots.
Oil prices for August delivery shed Rs 31, or 0.84%, to trade at Rs 3,654 per barrel, clocking a business volume of 73 lots.
Meanwhile, West Texas Intermediate for August delivery was down 21 cents at $56.72 while Brent North Sea crude was three cents lower at $62.04 on the New York Mercantile Exchange.
At Multi Commodity Exchange (MCX), crude oil for delivery in July was trading lower by Rs 35, or 0.96%, at Rs 3,606 per barrel, with a business turnover of 1,099 lots.
Oil prices for August delivery shed Rs 31, or 0.84%, to trade at Rs 3,654 per barrel, clocking a business volume of 73 lots.
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Analysts said the fall is mostly in tune with a weak trend in Asian trade ahead of a weekend bailout reform referendum in Greece that could determine its future in the euro zone.
Meanwhile, West Texas Intermediate for August delivery was down 21 cents at $56.72 while Brent North Sea crude was three cents lower at $62.04 on the New York Mercantile Exchange.