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(06/01/2026 13:15)

Crude Oil Futures Decline on Weak Global Cues, Oversupply Concerns

Crude oil prices slipped in the futures market on Tuesday, tracking weak global trends amid concerns over oversupply. On the Multi Commodity Exchange (MCX), crude oil futures for February delivery declined by Rs 17, or 0.32 per cent, to Rs 5,200 per barrel, with a business turnover of 2,946 lots.

Analysts said prices came under pressure as market participants offloaded positions amid weak demand in the spot market.

In the global markets, West Texas Intermediate (WTI) crude was trading 0.31 per cent lower at USD 58.14 per barrel, while Brent crude eased 0.21 per cent to USD 61.63 per barrel in New York trade.
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