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Crude oil futures prices today fell 0.35 per cent to Rs 6,324 per barrel, as speculators trimmed their positions amid a weak trend in the Asian trade on weak Chinese manufacturing data.
On the Multi Commodity Exchange, crude oil for delivery in September shed Rs 22 or 0.35 per cent to Rs 6,324 per barrel in 146 lots. Similarly, August contracts moved down by Rs 21 or 0.33 per cent to Rs 6,372 per barrel in 1,942 lots.
Trading sentiment eased at the futures trade as crude oil prices slipped in Asia as weak Chinese manufacturing activity in July fuelled concerns over energy demand in the world’s second biggest economy, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for September delivery dropped 27 cents to $106.96 a barrel on the New York Mercantile Exchange in the morning trade today.
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