Crude oil futures fell by 1.42 per cent to Rs 3,338 per barrel today as speculators cut down their bets amid a mixed trend in Asian markets.
At Multi Commodity Exchange, crude oil for delivery in June traded Rs 48 or 1.42 per cent lower at Rs 3,338 per barrel in 6,155 lots.
Oil for far-month July delivery also moved down Rs 48 or 1.40 per cent to Rs 3,381 per barrel in 122 lots.
The trading sentiment dampened in futures trade after oil prices mixed in Asia today as investors awaited manufacturing data from China ahead of an OPEC meeting on production caps, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for July delivery was up 24 cents at USD 49.57, while Brent crude for July was down 2 cents at USD 49.74 a barrel on the New York Mercantile Exchange.
Oil prices dipped yesterday after comments from the US central bank head Janet Yellen suggested interest rates could rise soon if the world's top economy continues to improve.
