Crude oil futures on Tuesday dropped 0.77 per cent to Rs 4,503 per barrel after soaring in previous sessions following tensions between the US and Iran.
On the Multi Commodity Exchange, crude oil for January delivery traded lower by Rs 35, or 0.77 per cent, at Rs 4,503 per barrel in 23,748 lots.
Crude oil for February delivery was down Rs 38, or 0.84 per cent, at Rs 4,498 per barrel with an open interest of 922 lots.
