Crude oil futures plunged in evening trade in the domestic market on Friday as investors resorted to profit booking after a recent rally, in the energy commodity, at existing levels, when falling US supplies and easing worries over the fallout of Brexit had bolstered sentiment. Further, a sharper contraction in a Chinese factory gauge last month signaled a worsening outlook in the world’s second biggest oil consuming nation, weighing on sentiment. 

The China manufacturing PMI fell to 48.6 in June from 49.2 in May, with a reading below 50 signaling contraction, Markit Economics reported. 

At the MCX, Crude oil futures for July 2016 contract is trading at Rs 3,244 per barrel, down by 1.82 per cent, after opening at Rs 3,301, against a previous close of Rs 3,304. It touched the intra-day low of Rs 3,239.

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