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Crude oil futures prices today fell 0.22 per cent to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.
At the Multi Commodity Exchange, crude oil for delivery in June contract declined by Rs 11 or 0.22 per cent to Rs 5,086 per barrel in a turnover of 5,188 lots. Similarly, July contract moved down by Rs 10 or 0.21 per cent to Rs 5,031 per barrel in 163 lots.
Analysts said the trading sentiment remained weak after crude oil prices fell in Asia amid expectations that Europe’s sputtering economy will drag on global crude demand.
Meanwhile, crude oil for delivery in July fell 41 cents to $90.35 a barrel on the New York Mercantile Exchange.
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