Source : PTI | Crude oil price fell by ₹101 to ₹8,606 per barrel in the futures trade on Tuesday amid weak global trends.
On the Multi Commodity Exchange, crude oil futures for the June delivery slipped by ₹101, or 1.16 per cent, to ₹8,606 per barrel in a business turnover of 6,533 lots.
Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 1.65 per cent lower at $89.79 per barrel, while Brent Crude fell 1.30 per cent to $93.02 per barrel in New York.
