New Delhi, Nov. 25 -- Crude oil prices dropped on Tuesday, erasing the gains made on Monday amid reports of advancements in Ukraine peace negotiations. A peace agreement between Russia and Ukraine could lead to greater supplies, which offset a positive sentiment in the broader markets.

Oil prices have dropped this year, with futures on track for a fourth consecutive monthly decline in November, marking the longest stretch of losses since 2023.

On Tuesday, crude oil prices traded flat on Multi Commodity Exchange (MCX). MCX crude oil price was trading at Rs.5,236 per barrel. It hit an intraday high of Rs.5,254 level, and an intraday low of Rs.5,229. In the global markets, Brent crude oil price rose 0.50% to $63.06 a barrel, while US West ...