Crude oil futures fall on global cues

At the Multi Commodity Exchange,crude oil for far-month October fell by Rs 26 or 0.70 per cent to Rs 3,692 per barrel with an open interest of 143 lots.

Similarly,oil for delivery in August month declined by Rs 11 or 0.31 per cent to Rs 3,563 per barrel in 43 lots.

Analysts said traders reduced their positions in tandem with a weakening global sentiment leading to fall in crude oil prices in futures market.

In global markets,New York’s main contract crude for delivery in September,shed 21 cents to USD 76.35 a barrel.