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Commodities

Crude Oil Prices Plunge Amid Global Economic Weakness

Guavy AI Editorial Team
Instruments
Oil
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Crude oil futures dropped on Monday due to weak global trends and low spot market demand.

The price of crude oil fell Rs 167 to Rs 8,192 per barrel in the futures trade.

Globally, West Texas Intermediate (WTI) crude was trading 1.79% lower at USD 85.50 per barrel, while Brent crude declined 1.39% to USD 93.08 per barrel in New York.

Analysts said participants offloaded their holdings amid weak demand in the spot market.

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