On 01 December, the energy futures rallied above Rs 2,800, but however pared gains to settle with a loss of almost a percent (Rs 25) at Rs 2,773. It has also tumbled over 3.5 percent (Rs 103) in the past five trading sessions.
Right now, MCX December Crude Oil futures are trading at the highest point of the day - with a gain of 0.5 percent (Rs 15) at Rs 2,787, on account of short-covering and weakness in Indian Rupee versus dollar.
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