Crude Oil Futures Fall On Weak Asian Cues

Crude oil futures fell by Rs 15 to Rs 4,692 per barrel today as speculators cut down bets amid weak cues from the Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in August was trading lower by Rs 15, or 0.32 per cent, to Rs 4,692 per barrel in 1,509 lots.
Similarly, crude for delivery in September fell by Rs 2, or 0.04 per cent, to Rs 4,610 per barrel in a business volume of 67 lots.
Analysts said apart from profit-booking by speculators, weak Asian cues weighed on crude prices at futures trade here.
Globally, West Texas Intermediate (WTI) crude oil was down 9 cents, or 0.13 per cent, to USD 68.17 a barrel, while Brent too shed 7 cents, or 0.10 per cent, to USD 73 a barrel on the New York Mercantile Exchange.

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