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Crude oil down 0.2% on global cues

Oil for delivery in January was down by 1 cent, to $97.49 a barrel on the New York Mercantile Exchange

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil futures eased by 0.29% to Rs 6,119 per barrel today in line with a mixed trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in January next year fell Rs 18, or 0.29%, to Rs 6,119 per barrel, with a business volume of 329 lots.

Oil prices for December contracts moved down by Rs 17, or 0.28% to Rs 6,062 per barrel, with a business volume of 2,689 lots.

Marketmen said the fall in crude oil futures prices was mostly in line with a mixed trend in Asian trade as dealers worried about a global oversupply in crude, while speculation the US Federal Reserve will soon scale back its stimulus programme.
 

Meanwhile, crude oil for delivery in January was down by 1 cent, to $97.49 a barrel on the New York Mercantile Exchange, while Brent North Sea crude for January rose four cents to $108.71.

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First Published: Dec 13 2013 | 12:35 PM IST

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