India, March 20 -- Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trade on Friday, snapping a three-day gaining streak.
On the Multi Commodity Exchange (MCX), crude oil for April delivery fell 2.11%, as traders assessed the possibility of additional supply from Iran despite ongoing geopolitical tensions in West Asia.
The decline was driven by expectations of easing geopolitical risk premium, amid indications of a more pragmatic stance by the US on Iranian crude exports.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....