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Commodities

Indian Crude Oil Prices Plummet Amid Global Weakness

Guavy AI Editorial Team
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Oil
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Crude oil prices in India's futures market dropped by Rs 58 to Rs 9,664 per barrel due to weak global trends. The decline was observed on September 12, 2026, with Brent crude falling 1.44% to $106.08/bbl and West Texas Intermediate (WTI) crude trading 1.14% lower at $101.31/bbl in New York. Analysts attributed the price drop to market participants offloading their holdings amid weak demand in the spot market.

The September delivery of crude oil futures slipped by 0.60% in a business turnover of 19,617 lots. This decline comes as global oil prices continue to be influenced by various factors, including supply and demand imbalances.

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