Crude oil futures dropped by Rs 11 to Rs 3,743 per barrel Tuesday as speculators cut bets despite an upbeat trend overseas.
On Multi Commodity Exchange, crude for delivery in June contracts dropped by Rs 11, or 0.29 per cent, to Rs 3,743 per barrel in 19,759 lots.
Marketmen said investor sentiment in crude futures market dampened after oil prices fell in global markets.
Brent crude futures were trading 0.42 per cent lower at USD 62.03 per barrel.
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