Commodities

Crude Oil Prices Plummet Amid Weak Global Trends

Guavy AI Editorial Team Published September 11, 2026

Instruments

Oil

Crude oil futures took a hit on Friday due to weak global trends and reduced demand in the spot market.

The price of crude oil fell by Rs 58 to Rs 9,664 per barrel on the Multi Commodity Exchange for September delivery.

This decline was attributed to participants offloading their holdings amid low demand.

Globally, West Texas Intermediate (WTI) crude and Brent crude also experienced price drops of 1.14% and 1.44%, respectively.

The Wire

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