Crude oil futures decline amid easing supply concerns
pre-market1 source ↓written by the desknot a recommendation
- prices fell
- ₹137
- per barrel
- ₹8,734
- also dropped
- ₹98
- per barrel
- ₹8,746
- May delivery fell
- 0.62%
Crude oil prices fell by ₹137 to ₹8,734 per barrel in futures trade on 18 Mar, reflecting easing supply concerns amid geopolitical tensions. The April contract also dropped by ₹98 to ₹8,746 per barrel. Analysts note ongoing volatility as markets balance geopolitical risks with supply signals.
• Brent Oil futures for May delivery fell 0.62% to USD 102.78 per barrel.
• WTI crude dropped 1.56% to USD 94.04 per barrel, dipping below USD 95.
Immediate market implications suggest traders should monitor geopolitical developments closely.
Not investment advice. For informational purposes only.