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Praneet Chawla
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Mcx Crude dropped 4% on Friday

United States mcx crude futures fell down by $1.55, or 4 per-cent, to $36.79 per barrel, logging 7 per-cent loss for the week.

Brent crude future, besides this, closed $1.68, or 4.1 per-cent, lower at $39.09 a barrel. It fell down by 3 per-cent for the week. Saudi Arabia will freeze its crude oil outcome only if Iran and other major producers do so, told by Saudi Deputy Crown Prince Mr. Mohammed bin Salman, which triggered the fresh slump on the crude counter.