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Crude Oil Futures Decline Amid Weak Global Cues And Profit Booking
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News18•19-10-2026, 15:00
Crude Oil Futures Decline Amid Weak Global Cues And Profit Booking
- •Crude oil prices fell by Rs 52 to Rs 9,342 per barrel in futures trade on the Multi Commodity Exchange.
- •The decline was driven by profit taking by investors and weak global cues.
- •November delivery contracts saw a turnover of 11,389 lots with a 0.55 per cent drop.
- •Globally, West Texas Intermediate crude and Brent crude both traded significantly lower in New York.
Key Questions Answered
Crude oil futures fell due to weak global cues and profit-taking by investors who offloaded their holdings.
Crude oil futures for November delivery slipped by Rs 52, or 0.55 percent, to settle at Rs 9,342 per barrel.
In New York, West Texas Intermediate crude traded 1.07 percent lower at USD 97.96 per barrel, while Brent crude fell 1.49 percent to USD 108.22 per barrel.
