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Crude oil futures slip on subdued demand

Feb 1, 2020, 14:45 IST

PTI

New Delhi, Feb 1 () Crude oil futures on Saturday fell by Rs 6 to Rs 3,677 per barrel after participants reduced positions on subdued demand.

The Multi Commodity Exchange (MCX), which usually remains closed on weekend, was open for trading on Saturday on account of the presentation of the Union Budget.

On MCX, crude oil for February delivery dropped by Rs 6, or 0.16 per cent, to Rs 3,677 per barrel with a business volume of 9,852 lots.

Crude oil for March delivery was quoting lower by Rs 4, or 0.11 per cent, at Rs 3,700 per barrel with an open interest of 670 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand. VHP RUJ RUJ

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