Crude oil contracts for July delivery traded lower by Rs 35, or 0.88 per cent, at Rs 3,943 per barrel with a business volume of 21,587 lots on Multi Commodity Exchange (MCX).
Analysts said fall in oil prices was mostly in tune with a weak trend in global market, where it slipped due to a jump in US crude inventories amid a slackening demand, say reports.
Meanwhile, West Texas Intermediate was down 0.36 per cent to USD 57.45, while global benchmark Brent was down 0.23 per cent to USD 63.96 a barrel. PTI ADI RUJ MR
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI