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Crude oil futures down on Asian cues

July and August contracts shed 0.1% each as speculators trim positions

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:49 AM IST

Crude oil futures prices today fell by 0.11% to Rs 4,746 per barrel as speculators trimmed positions amid a weak trend in the Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 5, or 0.11%, to Rs 4,746 per barrel, having a business volume of 9,928 lots.

August crude lost Rs 4, or 0.10%, to Rs 4,789 per barrel, in a turnover of 596 lots.

Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade.

Meanwhile, crude oil for delivery in July, which expires today, was down 12 cents to $83.91 a barrel on the New York Mercantile Exchange.

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First Published: Jun 20 2012 | 12:22 PM IST

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