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Commodity News Details
MCX Crude drags near Rs 5200 per barrel amid softness in global prices
31-Dec-2025 14:19
WTI Crude oil futures eased on last session of the year. The counter has come off a three-week high and is currently trading around $57.74 per barrel, down 0.36% on the day. The commodity is headed for its steepest annual decline since 2020 and some surprising measures could be in store from leading oil producers following sustained weakness in the commodity in last few months. Meanwhile, data out from American Petroleum Institute (API) showed yesterday that the US crude oil inventories saw a build of 1.7 million barrels in the week ending December 26. Crude oil inventories rose by 2.4 million barrels in the previous week. MCX Crude oil is trading at Rs 5208 per barrel, down 0.52% on the day after testing a low of Rs 5204 per barrel.

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