Crude oil prices shed 0.94% to Rs 4,303 a barrel in futures trade today as speculators reduced their holdings, tracking a weakening global trend.
At the Multi Commodity Exchange, crude oil for delivery in August lost Rs 83, or 0.94%, to Rs 4,303 a barrel, with a business volume of 10,516 lots.
September crude was down Rs 39, or 0.89%, to Rs 4,347 per barrel, in a turnover of 1,130 lots.
The October contract shed Rs 37, or 0.83%, to Rs 4,395 per quintal, with a business turnover of 28 lots.
Market analysts said off-loading of positions by speculators due to a weakening global trend on concerns over the deadlock in US debt ceiling talks and euro debt worries, led to a fall in crude prices at futures trade here.
Meanwhile, New York's main contract crude for September delivery fell by 45 cents to $96.95 a barrel in the Asian region.
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