Oil prices were under slight pressure on Monday

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During afternoon trade in the domestic market on Monday Crude oil futures were trading low as investors and speculators exited their positions in the energy commodity amid continuing expansion in US drilling despite an OPEC-led effort to slash output to tighten the market.

Cude oil futures for June 2017 contract is trading at Rs 2866 per barrel, down by 0.45 %, after opening at Rs 2880, against a previous close of Rs 2879. It touched the intra-day low of Rs 2863.

Read More – Commodity Updates

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