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Commodity News Details
Global crude firms while MCX softens; Rupee slides to new lows
04-Dec-2025 14:06
Crude oil futures advanced in early electronic trades on Thursday, buoyed by ongoing Ukrainian strikes on Russian energy infrastructure that revived supply-risk premiums. WTI rose 0.5% to USD 59.24 per barrel, while Brent gained 0.4% to USD 62.9, reflecting heightened geopolitical uncertainty. In contrast, domestic crude for December delivery on MCX slipped 0.3% to Rs 5340 per barrel amid subdued local sentiment. Meanwhile, the Indian rupee breached the crucial 90-per-USD threshold, marking a fresh all-time low. Adding to the market's complexity, the latest EIA report indicated a 0.6 million barrel increase in US crude inventories, alongside hefty builds in gasoline and distillates, tempering broader bullish momentum in the energy complex.

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