NEW DELHI: Crude oil prices weakened by Rs 4 to Rs 3,774 per barrel in futures market on Thursday on off-loading by traders on the back of weakening global trend.
At the Multi Commodity Exchange, crude oil for May contract declined by Rs 4, or 0.11 per cent to Rs 3,774 per barrel with an open interest of 292 lots.
The oil for delivery in March contract also shed Rs 2, or 0.05 per cent to Rs 3,744 per barrel with an open interest of 12,229 lots.
Marketmen said off-loading by traders at existing higher levels and reports of weakening trend in overseas markets led to fall in crude oil prices at futures trade here.
Meanwhile, crude oil for April delivery dropped 63 cents to $82.30 a barrel on the New York Mercantile Exchange. - PTI
