Crude oil for delivery in current month was trading lower by Rs 35, or 0.98 per cent, at Rs 3,553 per barrel, with a business volume of 2,704 lots at Multi Commodity Exchange (MCX).
Also, oil prices for January shed Rs 31, or 0.85 per cent, at Rs 3,627 per barrel, with a business volume of 166 lots.
Traders said the fall in crude oil futures is mostly in tandem with a weak trend in Asian trade today as investors locked in profits after two days of strong gains following a landmark deal by Russia and other non-OPEC producers to join the cartel in capping output.
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