November 11, 2026: Crude oil futures fell more than 5 percent on Monday as hopes of progress in US-Iran negotiations and a recovery in West Asian supplies eased concerns over immediate shortages.
On the Multi Commodity Exchange (MCX), crude oil for November delivery declined Rs 429, or 5.02 percent, to Rs 8,125 per barrel. The December contract dropped Rs 394, or nearly 5 percent, to Rs 8,084 per barrel.
Global benchmarks also retreated. West Texas Intermediate (WTI) fell USD 3.45 to USD 87.38 per barrel, while Brent futures for January delivery declined USD 4.16, or 4.23 percent, to USD 94.16 per barrel.
(Source: PSU Watch)
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