Tracking a weak global trend, where oil fell to almost two-week low, crude oil prices fell by Rs 46 to Rs 5,001 per barrel in futures trade here today on speculators reducing their positions.
Trading sentiments turned weak as oil dropped the most in two weeks in New York by losing $1.72 to $112.21 a barrel.
At the Multi Commodity Exchange, crude oil for delivery in May declined by Rs 46, or 0.91% to Rs 5,001 per barrel, with a business turnover of 40 lots.
Similarly, the oil for delivery in June lost Rs 39, or 0.77% to Rs 5,059 per barrel, with an open interest of three lots.
