Crude Oil Futures Fall Amid West Asia Uncertainty

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Apr 22, 2026 12:34

Crude oil futures decline due to West Asia crisis and weak global trends. May delivery slips on MCX. WTI and Brent Crude also fall.

Crude Oil Futures Fall Amid West Asia Uncertainty

New Delhi, Apr 22 (PTI) Crude oil price fell Rs 77 to Rs 8,360 per barrel in the futures trade on Wednesday, amid weak global trends triggered by the West Asia crisis.

On the Multi Commodity Exchange, crude oil futures for May delivery slipped by Rs 77, or 0.91 per cent, to Rs 8,360 per barrel in a business turnover of 12,205 lots.

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

Globally, West Texas Intermediate crude oil was trading 0.89 per cent lower at USD 88.87 per barrel, while Brent Crude fell 0.62 per cent to USD 97.87 per barrel in New York.

Source: PTI By Rediff Money Desk, New Delhi

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