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Crude oil down 0.4% on weak Asian cues

Oil for the July delivery moved down by 0.38%

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil futures prices today fell 0.41% to Rs 6,076 per barrel, after speculators reduced exposures amid a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 25, or 0.41%, to Rs 6,076 per barrel in 2,665 lots.

Oil for the July delivery moved down by Rs 23, or 0.38%, to Rs 6,067 per barrel with a turnover of 101 lots.

The sentiment turned weak in futures trade largely in line with a weak trend in Asia on hopes of Ukraine crisis easing, analysts said.

Meanwhile, West Texas Intermediate crude oil for the July delivery shed 20 cents to USD 102.44 a barrel in mid-morning trade on the New York Mercantile.

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First Published: Jun 05 2014 | 11:28 AM IST

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