At Multi Commodity Exchange, crude oil for delivery this month traded Rs 27, or 1.35 per cent lower, at Rs 1,969 per barrel in 8,069 lots.
Oil for February delivery also moved down Rs 22, or 1.06 per cent, to Rs 2,061 per barrel in 2,392 lots.
The trading sentiment dampened in futures trade as crude oil plunged below USD 28 a barrel today for the first time in 12 years on fears about a worsening supply glut after Western sanctions on Iran were lifted, allowing Tehran to resume oil exports, analysts said.
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