NEW DELHI, June 4: Crude oil futures slipped 0.36 per cent to Rs 4,425 per barrel, in tune with a weak trend in Asia today.
Crude oil for delivery in July fell by Rs 16, or 0.36 per cent, at Rs 4,425 per barrel, with a business volume of 104 lots at the Multi Commodity Exchange (MCX).
Also, oil prices for July delivery moved down by a similar margin to trade at Rs 4,412 per barrel, with a business volume of 3,028 lots.
Analysts said the fall in crude oil futures is mostly in tune with a weak trend in Asian trade where Brent crude dipped for a second session today, with prices coming under pressure from record US output and expectations of higher OPEC supplies.
The US benchmark West Texas Intermediate fell 5 cents to USD 65.76 while Brent was 24 cents lower at USD 76.55 per barrel. (PTI)
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