MCX Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive.

International Brent crude oil futures fell back below USD 50 per barrel, trading at USD 49.89 at 0127 GMT, down 65 cents, or 1.29 %, from their last settlement.

Business Survey Index (BSI) of sentiment at large manufacturers stood at minus 11.1 in April-June, compared with minus 7.9 in January-March, according to a joint survey by the Ministry of Finance and the Economic and Social Research Institute, an arm of the Cabinet Office.


US West Texas Intermediate (WTI) crude was down 78 cents, or over 1.5 %, at USD 48.29 a barrel. content this no 9827808090.