Crude oil futures fall on weak global cues
24htopnews | February 3, 2026 3:42 PM CST
New Delhi: Crude oil prices fell Rs 18 to Rs 5,589 per barrel in the futures trade on Tuesday, February 3, amid weak global trends as oversupply concerns weighed on prices.
On the Multi Commodity Exchange, crude oil futures for March delivery slipped by Rs 18, or 0.32 per cent, to Rs 5,589 per barrel in a business turnover of 376 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 0.35 per cent lower at USD 61.92 per barrel, while Brent Crude fell 0.42 per cent to USD 66.02 per barrel in New York.
READ NEXT
-
Sri Lanka's Independence Day: Rebuilding economy, confidence and stability
-
What is Grok AI and why did French police raid Elon Musk's X office over it?
-
Centre 'attempting to silence' Rahul Gandhi: Karnataka CM Siddaramaiah
-
Google Account Security Guide: How to Change or Recover Your Password Safely
-
Step-by-Step Guide to Updating Your Instagram Username Without Losing Your Identity
