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Commodity News Details
WTI Crude tanks to two-month low as slide under $60 per barrel deepens
16-Dec-2025 14:25
WTI Crude oil futures turned lower, witnessing continued selling pressure as slide under $60 per barrel stayed in place. Equities turned lower in Asia as investors awaited critical US jobs and inflation readings for additional clues on the Fed's rate trajectory in the new year. WTI Crude oil futures are currently trading at $56 per barrel, down 1.30% on the day and hovering around two-month low. WTI crude futures stayed slippery last week and lost more than 4% for the week. OPEC kept its 2025 demand forecast steady at 1.4 million bpd and still expects stronger growth in 2026 at around 1.3 million bpd, indicating a broadly balanced outlook. MCX Crude oil futures are trading at Rs 5109 per barrel, down 0.64% on the day after briefly testing under Rs 5100 per barrel mark.

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