India, April 16 -- Crude oil futures slipped on Thursday, tracking weak global trends amid rising concerns of oversupply in the market.
On the Multi Commodity Exchange, crude oil futures for May delivery fell by Rs 54, or 0.63%, to Rs 8,554 per barrel, with a turnover of 6,372 lots.
Market analysts attributed the decline to profit booking and reduced positions by traders, driven by subdued demand in the spot market and overall weak global sentiment.
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