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Crude oil down 0.8% on global cues

Oil prices for December delivery moved down by 0.74%

<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 declined by 0.80% to Rs 5,935 per barrel today in line with a weak trend in Asian trade.

 At the Multi Commodity Exchange, crude oil for delivery in November traded Rs 58, or 0.80%, lower at Rs 5,935 per barrel, with a business volume of 4,659 lots.

Oil prices for December delivery moved down by Rs 45, or 0.74%, to Rs 6,023 per barrel, with a business volume of 478 lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia as investors focused on the upcoming Senate grilling of prospective Federal Reserve chair Janet Yellen for clues on when the central bank will wind down its easy-money policy.
 
Meanwhile, crude oil for delivery in December was down by 23 cents to $93.65 a barrel on the New York Mercantile Exchange.

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First Published: Nov 14 2013 | 12:58 PM IST

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