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Crude oil futures experienced a decline of 1.56% on Tuesday, settling at Rs 6,374 per barrel as traders reduced their positions due to low demand.
On the Multi Commodity Exchange (MCX), the price of crude oil for October delivery dropped by Rs 101, reflecting a business volume of 14,494 lots.
In global markets, West Texas Intermediate (WTI) crude was down 1.69%, trading at USD 75.84 per barrel, while Brent crude fell 1.56% to USD 79.67 per barrel in New York.
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