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Crude oil futures slide 1.81% on weak global cues

Press Trust of India  |  New Delhi 

softened by 1.81 per cent to Rs 5,364 per barrel in futures trade Thursday as speculators trimmed positions amid weak global cues.

Besides, profit-booking at current levels weighed on prices.

At the Multi Commodity Exchange, for delivery in November declined by Rs 99, or 1.81 per cent, to Rs 5,364 per barrel, in a business turnover of 289 lots.

On similar lines, crude for delivery in 98, or 1.80 per cent, to Rs 5,356 per barrel in 1,783 lots.

Analysts said trading sentiment weakened after participants took profits when fell in overseas market.

Globally, the US benchmark Intermediate for delivery was down by USD 1.24, or 1.69 per cent, to USD 71.93 and Brent crude fell USD 1.48, or 1.78 per cent, to USD 81.61 a barrel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 12:10 IST