Crude oil futures fall on domestic cues

Crude oil futures on Thursday fell Rs 23 to Rs 4,161 per barrel after participants reduced positions even as the oil prices gained overseas. On the Multi Commodity Exchange, crude oil prices for December delivery dropped by Rs 23, or 0.55 per cent, to Rs 4,161 per barrel with a business volume of 26,209 lots.

Similarly, crude oil for January delivery was quoting lower by Rs 17, or 0.41 per cent, at Rs 4,171 per barrel with an open interest of 1,770 lots. Globally, West Texas Intermediate crude oil was trading 0.27 per cent lower at USD 58.27 per barrel, while Brent Crude eased by 0.06 per cent to USD 62.98 per barrel in New York.