Mumbai, Feb. 17 -- Crude oil futures fell to around $70.5 per barrel on Monday, marking the fourth consecutive session of losses, as expectations of higher supply from Russia and Iraq pressured prices. Iraq's Kurdistan region signaled oil exports could resume next month after a two-year halt, while talks on a potential Russia-Ukraine peace deal in Saudi Arabia raised hopes of eased sanctions on Russia's energy sector. However, strong fuel demand and a delay in U.S. reciprocal tariffs provided some support, easing concerns over global trade tensions. MCX crude oil futures traded slightly lower at Rs 6146 per barrel as investors monitored geopolitical and supply dynamics.
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