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Last Updated : Jun 18, 2019 01:58 PM IST | Source: PTI

Crude oil futures fall on weak global cues

On the Multi Commodity Exchange, crude oil contracts for June delivery fell by Rs 30, or 0.82 per cent, to Rs 3,615 per barrel with a business turnover of 22,310 lots.

Crude oil futures Tuesday declined sharply by 0.82 per cent to Rs 3,615 per barrel as speculators cut bets to take profits off the table amid weak global cues.

On the Multi Commodity Exchange, crude oil contracts for June delivery fell by Rs 30, or 0.82 per cent, to Rs 3,615 per barrel with a business turnover of 22,310 lots.

Analysts said trading sentiments turned weak after oil prices eased in global markets, and profit-booking by speculators led to a further fall in the prices.

Globally, West Texas Intermediate crude oil was down 0.52 per cent to USD 51.66 per barrel, while Brent, the international benchmark, also shed 0.75 per cent to USD 60.48 per barrel.

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First Published on Jun 18, 2019 01:52 pm
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