Crude oil futures decline on MCX

Crude oil futures declined on MCX as speculators indulged in reducing their exposures amid a weakening trend in Asian trade where it plunged to over four-year lows after the OPEC cartel refused to cut production. The contract for December delivery was trading Rs 4232.00, down by 1.37% or Rs 59.00 from its previous closing of Rs 4291.00. The open interest of the contract stood at 23236.00 lots. The contract for January delivery was trading at Rs 4267.00, down by 1.39% or Rs 60.00 from its previous closing of Rs 4327.00. The open interest of the contract stood at 2177.00 lots on MCX.