India, Oct. 29 -- Crude oil futures fell by Rs 167 to Rs 9,631 per barrel on Thursday as prospects of renewed negotiations between the US and Iran eased some concerns over geopolitical disruptions, while persistent risks to energy supplies limited the fall.

On the Multi Commodity Exchange (MCX), crude oil futures for November delivery declined by Rs 167, or 1.70 per cent, to Rs 9,631 per barrel. Similarly, the December contract also went lower by Rs 70, or nearly 1 per cent, to Rs 9,619 per barrel on the commodities bourse.

"MCX crude oil futures are trading under pressure as easing diplomatic tensions between the US and Iran weigh on prices, with Brent slipping toward $114 per barrel from four-year highs," said Pinky Yadav, Commodity F...