Crude oil futures fell 1.24 per cent to Rs 2,789 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in August traded lower by Rs 35 or 1.24 per cent to Rs 2,789 per barrel in 5,333 lots.
Similarly, the oil for September delivery moved down Rs 32 or 1.11 per cent to Rs 2,843 per barrel in 392 lots.
Trading sentiment eased at the futures trade as crude oil fell in Asian trade today, extending weeks of losses after a US report stoked expectations of a global glut of supplies, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for September delivery was down 30 cents at $43.57, its lowest close since March 17. Brent crude for September delivery eased 36 cents to $48.25 a barrel on the New York Mercantile Exchange.