India, April 21 -- Crude oil futures declined sharply on Tuesday, tracking weak global trends as oversupply concerns weighed on sentiment.
On the Multi Commodity Exchange (MCX), crude oil contracts for May delivery dropped by Rs 154, or 1.88%, to Rs 8,030 per barrel, with a turnover of 4,226 lots.
Analysts said the fall was driven by profit booking and reduced positions amid weak demand signals in the spot market.
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