Crude oil futures fall 0.22% on weak global cues

New Delhi: Crude oil futures fell 0.22 per cent to Rs 4,062 per barrel Monday in line with a weak trend overseas. Crude oil for delivery in June contract was trading lower by Rs 9, or 0.22 per cent, to Rs 4,062 per barrel with a business volume of 17,298 lots on Multi Commodity Exchange (MCX).

Analysts said fall in crude oil futures is mostly in tune with a weak trend in global market amid concerns on extended trade tensions between the US and China.

Meanwhile, West Texas Intermediate(WTI) was down 0.49 per cent at USD 58.34, while the global benchmark Brent was marginally up by 0.03 per cent at USD 68.71 a barrel.