Crude oil futures slump over 3% to Rs 4,332/barrel amid global sell-off

  • Date: 23-Mar-2021
  • Source: Money Control
  • Sector:Oil & Gas
  • Country:Middle East
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Crude oil futures slump over 3% to Rs 4,332/barrel amid global sell-off

The black gold has been trading higher than 50, 100 and 200 days#39; moving averages but lower than the 20 and 5 days̢۪ moving average on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 41.62, indicating bearish momentum in prices.