NEW DELHI, Nov 19: Crude oil futures fell 0.39 per cent to Rs 4,621 per barrel today after speculators reduced exposures amid mixed trend in Asian trade.
In futures trading at the Multi Commodity Exchange, crude oil for delivery in December fell by Rs 18, or 0.39 per cent, to Rs 4,621 per barrel in a volume of 917 lots.
Oil for November delivery moved down by Rs 15, or 0.33 per cent, to Rs 4,592 per barrel in a turnover of 1,196 lots.
The sentiment turned weak in futures trade largely in line with a mixed trend in Asia as dealers predicted that leading producer Saudi Arabia will resist pressure from other OPEC members to cut output in a bid to prop up falling prices, analysts said.
Meanwhile, West Texas Intermediate crude oil for December delivery eased by 20 cents to USD 74.41, while Brent crude for January rose 10 cents to USD 78.57 a barrel in late-morning trade on the New York Mercantile Exchange. (PTI)
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