Crude oil futures decline on weak global cues

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Crude oil futures fell 0.39 percent to Rs 3,854 per barrel on October 14 after participants reduced positions amid a weak trend in global markets.

On the Multi Commodity Exchange, crude oil for delivery in October shed Rs 15, or 0.39 percent, to Rs 3,854 per barrel with a business volume of 21,539 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues.

Meanwhile, West Texas Intermediate crude oil was trading 1.02 percent down at $54.14 per barrel.

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