Brent Crude trade lower at $63.72/bbl

Crude oil prices dropped Rs 54 to Rs 5,278 per barrel, as weak trends in the overseas market and oversupply concerns prompted traders to trim their positions. Crude oil for December delivery depreciated by Rs 54, or 1.01 per cent, to Rs 5,278 per barrel in 11,479 lots.

Traders said the pullback in crude prices was largely driven by weak demand conditions in the international market and cautious trading ahead of key global supply data.

In the international markets, WTI crude oil for December delivery was trading 0.82 per cent lower at $59.42 per barrel, while Brent Crude for the January 2026 contract fell 0.75 per cent to $63.72 per barrel.