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Crude oil futures fell 1.84 per cent to Rs 4,044 per barrel today amid a weak trend in Asian market.
At the Multi Commodity Exchange, crude oil for delivery in December fell Rs 76 or 1.84 per cent to Rs 4,044 per barrel in 1,531 lots.
Similarly, the oil for January contract dropped by Rs 74, or 1.78 per cent, to Rs 4,080 per barrel in 158 lots.
Analysts said crude oil hitting five-year lows in Asian trade following China’s weak trade data and strengthening dollar kept futures prices under pressure here.
At global level, the West Texas Intermediate crude for January delivery was down 81 cents at $65.03, while Brent crude for January delivery eased 82 cents to $68.25 per barrel in late-morning trade on the New York Mercantile Exchange.
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