Islamabad: Crude oil fell by 2.03 per cent in futures on Wednesday as traders indulged in selling after reports of weakening trend in global market amid subdued demand.Crude for the far-month August fell by 2.03 per cent to Rs 2,890 a barrel on the Multi Commodity exchange with trading volume of 40 lots. Similarly, the crude oil for July month contract lost 0.81 per cent to Rs 2,830 a barrel, clocking a business volume of 30 lots. Traders attributed the fall in crude oil mostly to weakening trend in global market. Meanwhile, oil prices continued to fall in Asian trade today as slumping US retail sales fuelled worries of a slowdown in global oil demand.
