Crude oil prices fall 6% amid US-Iran peace deal hopes; MCX crude below ₹8,800 per barrel
Crude oil prices in India slipped 6% in early trade on Monday, following a slump in international oil prices, amid optimism over the US-Iran peace talks and reopening of the crucial Strait of Hormuz.
MCX crude oil price for June futures opened 4% lower at ₹8,802 per barrel as against its previous close of ₹9,168 level. Oil price dropped as much as 5.95% to a low of ₹8,622 per barrel.
