India, June 17 -- Crude oil futures declined on Wednesday, tracking weak global cues and subdued demand sentiment.
On the Multi Commodity Exchange (MCX), crude oil contracts for July delivery fell by Rs 63, or 0.88%, to Rs 7,061 per barrel, with a turnover of 4,004 lots.
Market analysts attributed the decline to profit-booking and the unwinding of positions by traders amid softer demand in the spot market. Weakness in international crude prices also weighed on domestic futures, keeping sentiment subdued during the session.
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