Archive · 21 Aug 2026
Crude Oil Futures Fall as Global Prices Weaken
Crude oil prices became slightly cheaper on Friday.
In the futures market, prices fell by Rs 18 to Rs 8,286 per barrel.
Futures are agreements to buy or sell something later at a set price.
Contracts for oil delivery in September dropped 0.22%.
Analysts said demand in the immediate, or spot, market was weak.
When demand is weak, prices can fall because buyers are purchasing less.
West Texas Intermediate crude traded at $86.33 per barrel.
Brent crude traded at $93.45 per barrel in New York.
Crude oil futures fell Rs 18 to Rs 8,286 per barrel on Friday.
September-delivery crude futures declined 0.22% in 3,477 lots.
Analysts attributed the decline to weak spot-market demand.
West Texas Intermediate crude fell 0.58% to $86.33 per barrel.
Brent crude declined 0.35% to $93.45 per barrel in New York.
- Who
- Crude oil futures traders and market participants.
- What
- Crude oil futures and global benchmark prices declined.
- When
- Friday; September-delivery futures were cited.
- Where
- The futures market and New York trading.
- Why
- Analysts said weak spot-market demand and participants selling holdings pressured prices.
- Indian futures price
- Rs 8,286 per barrel
- Price change
- Down Rs 18
- September futures change
- Down 0.22%
- Trading volume
- 3,477 lots
- West Texas Intermediate
- $86.33 per barrel, down 0.58%
- Brent crude
- $93.45 per barrel, down 0.35%
- Reported trading day
- Friday