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Commodities

Brent Crude Dips Below $93 as Global Prices Continue Downward Trend

Guavy AI Editorial Team
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Oil
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Crude oil prices fell in India's futures market on Monday, following weak global trends. The Brent crude price declined by 1.39% to $93.08 per barrel in New York. In the futures trade, crude oil prices dropped Rs 167 to Rs 8,192 per barrel for the September delivery. Analysts attributed this decline to participants offloading their holdings due to weak demand in the spot market.

The global trend was also bearish, with West Texas Intermediate crude trading 1.79% lower at $85.50 per barrel.

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