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Crude oil futures down 0.11 per cent on weak Asian cues

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NEW DELHI: Crude oil futures fell by 0.11 per cent to Rs 6,260 per barrel after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 7, or 0.11 per cent, to Rs 6,260 per barrel in 879 lots.


Oil for April delivery moved down by Rs six, or 0.10 per cent, to Rs 6,281 per barrel in a turnover of 1,390 lots.


The trading sentiment weakened at futures trade as crude prices were down in subdued post-holidays Asian trade today, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said.


Meanwhile, West Texas Intermediate crude for May delivery dropped 22 cents to USD 104.08 a barrel in mid-morning trade on the New York Mercantile Exchange.


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