NEW DELHI, Nov 17: Crude oil futures today fell by 0.09 per cent to Rs 4,685 per barrel as speculators trimmed positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in December fell by Rs four, or 0.09 per cent, to Rs 4,685 per barrel in 212 lots.
Besides, oil for November delivery moved down by Rs 2, or 0.04 per cent, to Rs 4,660 per barrel in 1,021 lots.
Analysts said the fall in crude prices in futures trade was primarily after it fell in the Asian trade but losses were limited by speculation that the OPEC cartel would be forced to cut output to prevent further big losses.
Meanwhile, West Texas Intermediate crude for December delivery shed 25 cents to USD 75.57, while Brent crude for January was down 31 cents to USD 79.10 a barrel in mid-morning trade on the New York Mercantile Exchange. (PTI)
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