Mumbai, Jan. 29 -- MCX Crude oil futures tanked after hitting above Rs 6400 per barrel mark in the afternoon. The counter had opened higher and edged up steadily throughout the session before pulled back and witnessing accelerated drop after breaking under Rs 6400 per barrel. It fell in negative territory eventually and currently quotes at Rs 6334 per barrel, down 0.09% on the day. The counter had gained 0.63% on the day in last session but a failure of WTI Crude oil futures in global markets to hold above $74 per barrel mark seems to be dragging on the local futures now.
Published by HT Digital Content Services with permission from Capital Market....