(30 Dec 2025, 14:19)

Crude oil off three-week high, prices down around 17% this year

WTI Crude oil futures witnessed some selling pressure in Asia. The counter has come off a three-week high and is currently trading at $58.15 per barrel, up marginally on the day. Market is now eying the release of US weekly crude oil inventories data to understand the status of supplies and focus has largely shifted to the next year after oil prices recorded a largely negative bias this year, falling around 17% so far. The commodity is headed for its steepest annual decline since 2020 and some steep measures could be in store from leading oil producers following sustained weakness in the commodity in last few months. Meanwhile, MCX Crude oil futures are trading at Rs 5246 per barrel, up marginally on the day after hitting highs near Rs 5260 per barrel.

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Commodity Mid Session News

Crude oil off three-week high, prices down around 17% this year