NEW DELHI: (Jun 24) Crude oil futures fell Rs 316 to Rs 5,730 per barrel on Tuesday as hopes of a ceasefire between Iran and Israel, coupled with weaker spot demand, prompted participants to trim their positions.
On the Multi Commodity Exchange, crude oil for July delivery declined Rs 316 or 5.23 per cent to Rs 5,730 per barrel in 10,985 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak demand in the spot market. PTI
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