Crude oil futures fall 0.51% on weak global cues

New Delhi: Crude oil futures fell 0.51 per cent to Rs 3,696 per barrel Tuesday in line with a weak overseas trend.

Crude oil contracts for delivery in June were trading lower by Rs 19, or 0.51 per cent, at Rs 3,696 per barrel with a business volume of 24,534 lots at the Multi Commodity Exchange.

Analysts said the fall in crude oil futures was in tune with a weak trend in global market where it slipped on rising fears of a global economic slowdown, fuelled by intensifying tensions between the US and China.

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