Crude Oil Futures Drop to Rs 5,981 Amid Profit-Taking, Despite Global Gains

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Crude Oil Futures Drop to Rs 5,981 Amid Profit-Taking, Despite Global Gains

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News18•27-02-2026, 12:15

Crude Oil Futures Drop to Rs 5,981 Amid Profit-Taking, Despite Global Gains

•Crude oil futures fell by Rs 72 to Rs 5,981 per barrel in Friday's trade.
•The decline occurred despite firm global trends, attributed to profit-taking by participants.
•On the Multi Commodity Exchange, March delivery futures slipped 1.19 per cent.
•Analysts noted the price drop was due to participants offloading holdings amid weak spot market demand.
•Globally, West Texas Intermediate and Brent Crude saw slight increases in New York.

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