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Crude oil futures fell Rs 17 to Rs 3,718 per barrel today as speculators reduced bets amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude for delivery in July dropped Rs 17 or 0.46 per cent to Rs 3,718 per barrel in 1,949 lots.
Similarly, the oil for August delivery moved down by Rs 17 or 0.45 per cent to Rs 3,763 per barrel in 76 lots.
Trading sentiment turned sour after crude oil prices extended losses in Asia today on concerns that Greece may miss a key debt repayment later in the day and edge closer to a euro zone exit, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for August delivery fell 23 cents to $58.10, while Brent crude for August delivery eased 15 cents to $61.86 per barrel in late-morning trade on the New York Mercantile Exchange.
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