Crude oil futures on Wednesday fell by Rs 19 to Rs 4,176 per barrel after participants reduced positions even as the oil prices gained overseas.
On the Multi Commodity Exchange, crude oil prices for December delivery dropped by Rs 19, or 0.45 per cent, to Rs 4,176 per barrel with a business volume of 26,436 lots.
Similarly, crude oil for January delivery was quoting lower by Rs 13, or 0.32 per cent, at Rs 4,106 per barrel with an open interest of 863 lots.
Globally, West Texas Intermediate crude oil was trading 0.59 per cent up at USD 58.89 per barrel, while international benchmark Brent Crude traded higher by 0.73 per cent at USD 63.87 per barrel in New York.
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