Crude oil futures fell by Rs. 120 to Rs. 7,837 per barrel on Tuesday, tracking weak global market sentiment.
On the Multi Commodity Exchange (MCX), August delivery contracts declined 1.51% to Rs. 7,837 per barrel, with a trading volume of 4,507 lots.
According to analysts, selling pressure and weak demand in the spot market prompted traders to reduce their positions, weighing on crude oil futures prices.