Crude oil futures down 1.6% on Asian cues
Crude oil declined as speculators trimmed positions
 "Crude oil futures down 1.6% on Asian cues")
Crude oil futures for April shed Rs 77, or 1.59%, to Rs 4,767 per barrel in 5,014 lots.
At the Multi Commodity Exchange (MCX), the May contract moved down by Rs 73, or 1.58%, to Rs 4,813 per barrel in 969 lots.
Crude oil declined as speculators trimmed positions.
On the New York Mercantile Exchange (NYMEX), the May contract went down by cents 2.49, to $86.22 a barrel.
At the Multi Commodity Exchange (MCX), the May contract moved down by Rs 73, or 1.58%, to Rs 4,813 per barrel in 969 lots.
Crude oil declined as speculators trimmed positions.
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Weakening trend in Asia dragged by prospects of weaker crude demand from China after data that showed world's second largest economy was not growing as fast as expected affected the trade.
On the New York Mercantile Exchange (NYMEX), the May contract went down by cents 2.49, to $86.22 a barrel.