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Commodities

Crude Oil Prices Plummet Amid Global Economic Uncertainty

Guavy AI Editorial Team
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Oil
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Crude oil futures have declined in value due to weak global trends. On the Multi Commodity Exchange (MCX), crude oil futures for September delivery slipped by Rs 78, or nearly 1%, to Rs 8,565 per barrel.

The October contract also fell by Rs 43, or 0.51%, to Rs 8,312 per barrel on the MCX.

Analysts attribute the decline in crude oil prices to profit booking and uncertainty over demand and the global economic outlook.

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