The price of crude oil dropped by more than $1 a barrel as traders booked profits after benchmarks reached multi-month highs the previous session and an OPEC report fueled concerns about summer demand. Only the second time this month did the global benchmark Brent crude finish lower, down $1.24 or 1.4% to settle at $86.09 per barrel. US West Texas Intermediate (WTI) prices fell $1.10, or 1.3%, to $82.16 per barrel at the market close.

Crude oil prices decline 1% after scaling multi-month highs

With a Green open in the Indian Markets, expectations for returns from bonds is also higher while China's Manufacturing Purchasing Managers Index (PMI) has missed the official forecasts.

World Business Watch: Indian Markets open in Green ahead of OPEC

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Crude oil prices decline 1% after scaling multi-month highs

World Business Watch: Indian Markets open in Green ahead of OPEC