Crude oil futures on MCX declined by Rs 132 to Rs 7,705 per barrel due to weak global trends and a drop in spot market demand. Analysts attributed the price fall to participants offloading their holdings amid low demand.
The WTI crude was trading 2.17% lower at USD 80.57 per barrel, while Brent crude declined by 2.10% to USD 86.72 per barrel globally.
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