Crude Oil Futures Fall on Weak Global Cues & Demand

1 Minute Read Listen to Article

Sep 23, 2026 11:57

Crude oil futures dropped to Rs 8,561 per barrel on Wednesday due to weak global trends and declining spot market demand. WTI & Brent crude also fell.

Crude Oil Futures Fall on Weak Global Cues & Demand

Key Points

Crude oil futures fell by Rs 82 to Rs 8,561 per barrel on Wednesday.
The price drop was attributed to weak global trends and reduced demand in the spot market.
Globally, West Texas Intermediate (WTI) and Brent crude prices also declined.

New Delhi, Sep 23 (PTI) Crude oil prices fell by Rs 82 to Rs 8,561 per barrel in the futures trade on Wednesday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for October delivery slipped by Rs 82, or 0.95 per cent, to Rs 8,561 per barrel in a business turnover of 5,406 lots.

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

Globally, West Texas Intermediate crude was trading 1.09 per cent lower at USD 89.53 per barrel, while Brent crude declined 0.56 per cent to USD 98.69 per barrel in New York.

Source: PTI By Rediff Money Desk, New Delhi

DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.