New Delhi

Crude oil price fell by Rs 8 to Rs 7,514 per barrel in the futures trade on Tuesday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for the July delivery slipped by Rs 8, or 0.11 per cent, to Rs 7,514 per barrel in a business turnover of 1,978 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

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Globally, West Texas Intermediate crude oil was trading 0.37 per cent lower at USD 80.45 per barrel, while Brent Crude fell 0.60 per cent to USD 82.67 per barrel in New York.