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Commodities

Crude Oil Prices Plunge on Weak Global Trends

Guavy AI Editorial Team
Instruments
Oil
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Crude oil prices fell on Wednesday due to weak global trends. On the Multi Commodity Exchange, crude oil futures for October delivery dropped by Rs 168 to Rs 9,571 per barrel in a business turnover of 1,288 lots.

Analysts attributed the decline in prices to participants offloading their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude was trading 1.11% lower at USD 104.65 per barrel, while Brent crude declined 0.73% to USD 107.96 per barrel in New York.

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