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Crude oil futures slump Rs 153 to Rs 1,785 per barrel

Mar 23, 2020, 12:29 IST

PTI

New Delhi, Mar 23 () Crude oil futures on Monday plunged by Rs 153 to Rs 1,785 per barrel as participants trimmed their positions on weak spot demand.

On the Multi Commodity Exchange, crude oil for April delivery slumped by Rs 153, or 7.89 per cent, to Rs 1,785 per barrel with a business volume of 36,241 lots.

Crude oil for May delivery was quoting lower by Rs 119, or 5.73 per cent, to Rs 1,956 per barrel with an open interest of 1,038 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by participants amid low demand.

Globally, Brent Crude slipped 2.52 per cent to USD 26.30 per barrel in New York. However, West Texas Intermediate crude oil was up 0.75 per cent to USD 22.80 per barrel. VHP SHWSHW

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