New Delhi, Nov 15 (PTI) Crude oil futures fell Rs 41 to Rs 3,622 per barrel today as speculators offloaded bets amid a weak trend overseas.
Marketmen said trading sentiment was dampened in futures trade here after oil prices retreated in the global market due to warnings of a slowing demand and rising stock.
Besides, lacklustre Chinese economic data and a bearish oil report from the International Energy Agency weighed, they added.
The IEA warned that crude markets were expected to be oversupplied in the current quarter and going into 2018.
At the Multi Commodity Exchange, crude oil for delivery in December was trading down by Rs 41, or 1.121 per cent, at Rs 3,622 per barrel in 539 lots.
The oil for November delivery fell Rs 40, or 1.10 per cent, to Rs 3,599 per barrel in a volume of 4,566 lots.
West Texas Intermediate (WTI) crude oil eased 59 cents to USD 55.11 a barrel while global benchmark Brent crude was down 73 cents at USD 61.48.
This is published unedited from the PTI feed.