Crude oil futures slump over 11% to ₹8,588/barrel; Brent slips below $100

The Hindu online

www.thehindu.com

Crude oil price slumped over 11% to ₹8,588 per barrel in futures trade on Wednesday (May 6, 2026), tracking sharp losses in global benchmarks amid signs of a potential breakthrough between the U.S. and Iran.On the Multi Commodity Exchange (MCX), crude for the May delivery plunged ₹1,110, or 11.4