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## News Update: Crude Oil Futures Decline on Low Demand

### Overview
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 44 or 0.64% to Rs 6,843 per barrel with a business volume of 4,796 lots. This decline in crude oil prices is attributed to low demand in the market.

### Current Situation
Crude oil futures on Wednesday declined by 0.64% to Rs 6,843 per barrel as market participants trimmed their positions due to the prevailing low demand scenario. This trend is indicative of the challenging market conditions impacting the oil sector.

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AI legalese decoder can assist in navigating the complex legal landscape surrounding crude oil futures trading. By leveraging AI technology, the decoder can analyze and interpret legal documents, contracts, and regulations related to crude oil trading. This can help in understanding the intricate legal terms and conditions governing the industry, ensuring compliance and risk mitigation.

### Global Market Scenario
Globally, West Texas Intermediate crude oil traded 0.56% lower at USD 83 per barrel, while Brent crude was trading 0.39% lower at USD 87.04 per barrel in New York. The global oil market is also facing downward pressure, reflecting the interconnected nature of the industry across borders.

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