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Crude oil futures today fell 0.89 per cent to Rs 3,110 per barrel as speculators trimmed positions amid a weak trend in Asian markets.
Trading sentiment turned weak at the futures trade following fall in crude oil prices in Asian markets on a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said.
On the Multi Commodity Exchange, crude oil for delivery in March shed Rs 28 or 0.89 per cent to Rs 3,110 per barrel in 1,585 lots.
Similarly, the oil for August delivery fell Rs 27 or 0.82 per cent to Rs 3,251 per barrel in a volume of 223 lots.
Meanwhile, West Texas Intermediate (WTI) crude oil was down by 20 cents to $49.41, while Brent shed 39 cents to $59.34 per barrel in late morning trade on the New York Mercantile Exchange.
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