Crude oil
futures fall by more than 1 per cent during afternoon trade in the domestic
market on Friday as investors and speculators exited their positions in the
energy commodity as US dollar strengthened after US Fed’s interest rate hike
verdict.
At the MCX, for
December 2016 crude oil futures contract is trading at Rs 3,451 per barrel,
downward by 1.03 per cent, after opening at Rs 3,482, against a last close of
Rs 3,487. It touched the intra-day lower of Rs 3,447.
