On the Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 59, or 1.44 per cent, to Rs 4,034 per barrel with a business volume of 26,575 lots.
Similarly, crude oil for December delivery was quoting lower by Rs 53, or 1.29 per cent, at Rs 4,048 per barrel with an open interest of 673 lots.
The fall in crude oil futures was mostly due to trimming of positions by traders in line with weak global cues, analysts said.
Globally, West Texas Intermediate crude oil was trading 0.49 per cent lower at USD 56.87 per barrel, while international benchmark Brent Crude traded down by 0.32 per cent at USD 62.09 per barrel in New York. PTI VHP SHW SHW
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI