NEW DELHI:Crude oil prices fell by 0.94 per cent to Rs 4,303 per barrel in futures trade today as speculators reduced their holdings, tracking a weakening global trend.
At the Multi Commodity Exchange,Crude oil for delivery in August fell by Rs 83, or 0.94 per cent, to Rs 4,303 per barrel, with a business volume of 10,516 lots.
Similarly, the oil for delivery in September lost Rs 39, or 0.89 per cent, to Rs 4,347 per barrel, in a turnover of 1,130 lots.
For delivery in October, its prices lost Rs 37, or 0.83 per cent, to Rs 4,395 per quintal, with a business turnover of 28 lots.
Market analysts said off-loading of positions by speculators due to a weakening global trend on concerns over the deadlock in US debt ceiling talks and euro debt worries, led to a fall in crude prices at futures trade here.
Meanwhile, New York's main contract crude for September delivery fell by 45 cents to USD 96.95 a barrel in the Asian region.
