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New Delhi, Sept 11 Crude oil futures fell 0.39 per cent to Rs 4,897 per barrel on Tuesday due to profit-booking by participants at current levels despite firm global cues.
Crude oil for delivery in the current month was trading lower by Rs 19 or 0.39 per cent at Rs 4,897 per barrel with a business volume of 795 lots at the Multi Commodity Exchange. Also, oil prices for October delivery were down by Rs 16 or 0.32 per cent at Rs 4,910 per barrel with a business volume of 29 lots.
Analysts said the fall in crude oil futures was mostly due to profit-booking at existing levels but a firm trend overseas, supported by looming US sanctions against Iran’s petroleum industry, capped the losses.
Globally, West Texas Intermediate rose 5 cents, or 0.07 per cent, to $67.59, while Brent was trading up by 14 cents, or 0.18 per cent, at $77.51 a barrel on the New York Mercantile Exchange.
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