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Crude oil futures eased 0.54 per cent to Rs 2,933 per barrel today as speculators reduced positions amid a weak trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in July traded down by Rs 16 or 0.54 per cent at Rs 2,933 per barrel in 2,897 lots. Oil for August delivery also moved down Rs 14 or 0.47 per cent to Rs 2,958 per barrel in 85 lots.
According to analysts, trading sentiment dampened at the futures trade as participants booked profits after recent gains amid a weak trend overseas.
Meanwhile, West Texas Intermediate (WTI) crude was trading down 3 cents or 0.07 per cent at $45.46, while Brent crude eased 2 cents or 0.04 per cent to $47.72 a barrel on the New York Mercantile Exchange.
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