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Crude oil futures slip on weak domestic cues

Crude oil for February delivery was quoting lower by Rs 7, or 0.17 per cent.

PTI|
Last Updated: Jan 17, 2020, 03.49 PM IST
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West Texas Intermediate crude oil was trading 0.21 per cent up at $58.64 per barrel.
Crude oil futures on Friday fell by Rs 8 to Rs 4,157 per barrel after participants reduced positions on spot demand even as the prices rose overseas.

On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 8, or 0.19 per cent, to Rs 4,157 per barrel with a business volume of 12,331 lots.

Crude oil for February delivery was quoting lower by Rs 7, or 0.17 per cent, at Rs 4,171 per barrel with an open interest of 8,765 lots.

However, globally, West Texas Intermediate crude oil was trading 0.21 per cent up at $58.64 per barrel.

Meanwhile, Brent Crude, the international benchmark, rose 0.20 per cent to trade at $64.75 per barrel in New York.

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