Crude oil futures plunged with the aid of Rs 49 to Rs 3,711 according to barrel on Monday as speculators reduced bets amid a weakening fashion foreign places.
At Multi Commodity Exchange, crude for shipping in February dropped with the aid of Rs 49, or 1.30 consistent with cent, to Rs three,711 in keeping with barrel in 7,010 lots.
Marketmen said buying and selling sentiments at futures change dampened after crude oil costs fell in global markets.
Meanwhile, West Texas Intermediate (WTI) crude fell 1.35 in keeping with cent to USD 52.01, at the same time as Brent crude fell zero.Ninety three consistent with cent to USD sixty one.Fifty two per barrel at the New York Mercantile Exchange.
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