New Delhi: Crude oil futures were down Rs 35 at Rs 3,606 per barrel on Friday as participants lightened their positions in line with a weak trend in Asian trade. At Multi Commodity Exchange (MCX), crude oil for delivery in July was trading lower by Rs 35, or 0.96 per cent, at Rs 3,606 per barrel, with a business turnover of 1,099 lots. Oil prices for August delivery shed Rs 31, or 0.84 per cent, to trade at Rs 3,654 per barrel, clocking a business volume of 73 lots.
Analysts said the fall is mostly in tune with a weak trend in Asian trade ahead of a weekend bailout reform referendum in Greece that could determine its future in the euro zone. Meanwhile, West Texas Intermediate for August delivery was down 21 cents at USD 56.72 while Brent North Sea crude was three cents lower at USD 62.04 on the New York Mercantile Exchange.
