Crude oil futures fall by Rs 70 amid weak trend overseas
Crude oil futures Friday eased by Rs 70 to Rs 4,567 per barrel as speculators reduced their exposure amid a weakening trend overseas.
At the Multi Commodity Exchange, crude for delivery in May was trading lower by Rs 70, or 1.51 per cent, at Rs 4,567 per barrel in a business turnover of 20,722 lots.
The oil for delivery in June also fell by Rs 64, or 1.37 per cent, to Rs 4,592 a barrel in 695 lots.
Globally, West Texas Intermediate (WTI) crude slipped 0.46 per cent to USD 64.91, while Brent crude, the international benchmark, was down 0.17 per cent to USD 74.22 per barrel at the New York Mercantile Exchange.
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