Crude oil futures decline on oversupply concerns
after close1 source ↓written by the desknot a recommendation
- futures fell
- ₹84
- per barrel
- ₹5,948
- occurred
- 1.39%
- on the Multi
- 18,228 lots
- saw declines
- 1.70%
Crude oil futures fell by ₹84 to ₹5,948 per barrel on January 30, driven by oversupply concerns and weak demand in the spot market. The decline of 1.39% occurred amid a turnover of 18,228 lots on the Multi Commodity Exchange. Globally, WTI and Brent crude also saw declines of 1.70% and 1.37%, respectively.
Not investment advice. For informational purposes only.