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Crude Oil Futures Drop Amidst Weak Spot Demand
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News18•30-09-2026, 13:30
Crude Oil Futures Drop Amidst Weak Spot Demand
- •Crude oil futures fell by Rs 99 to Rs 8,579 per barrel in futures trade on Wednesday.
- •The decline is attributed to weak spot demand in the domestic market.
- •On the Multi Commodity Exchange, October delivery crude oil futures slipped by 1.14 per cent.
- •Analysts noted that participants offloaded holdings due to the weak spot market demand.
- •Globally, West Texas Intermediate crude and Brent crude showed slight increases in New York.
Key Questions Answered
Crude oil futures fell due to weak spot demand in the domestic market, prompting participants to offload their holdings.
Crude oil futures for October delivery slipped by Rs 99, or 1.14 percent, reaching Rs 8,579 per barrel.
Globally in New York, West Texas Intermediate crude traded 0.44 percent higher at USD 89.77 per barrel, while Brent crude rose 0.68 percent to USD 103.29 per barrel.
