Crude oil futures prices fell by Rs 216, or 2.42%, to Rs 8,719 per barrel on Tuesday, tracking weak global trends and subdued spot market demand.
On the Multi Commodity Exchange (MCX), crude oil contracts for November delivery declined Rs 216 to Rs 8,719 per barrel, with a business turnover of 4,060 lots.
Analysts attributed the decline to selling by market participants amid weak demand in the spot market and negative global cues.