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Crude oil futures prices fell 0.74 per cent to Rs 6,193 per barrel today, as speculators trimmed their positions amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in January fell Rs 54 or 0.74 per cent to Rs 6,193 per barrel in 3,671 lots. Similarly, the oil for February delivery moved down by Rs 41 or 0.65 per cent to Rs 6,234 per barrel in 156 lots.
According to marketmen, trading sentiment turned weak at the futures trade after crude oil prices declined in Asian trade on profit-taking following gains in New York driven by upbeat sentiment over the US Federal Reserve’s decision to start easing its stimulus programme.
Meanwhile, crude oil for February delivery was down 26 cents at $98.78 a barrel on the New York Mercantile Exchange.
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