NEW DELHI, Nov 11: Crude oil futures today fell by 0.63 per cent to Rs 4,753 per barrel as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in November month contracts fell by Rs 30, or 0.63 per cent, to Rs 4,753 per barrel in 1,329 lots.
Besides, oil for December delivery moved down by Rs 29, or 0.62 per cent, to Rs 4,784 per barrel in 150 lots.
Analysts said the fall in crude prices at futures trade was primarily after it ended losses in the Asian trade as the prospects of a production cut by the OPEC oil cartel dimmed, despite a global supply glut.
Meanwhile, West Texas Intermediate crude for December delivery shed 11 cents to USD 77.29, while Brent crude for December eased 22 cents to USD 82.12 a barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
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