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Commodity News Details
Hot Commodities: WTI Crude plummets to three-week low
15-Apr-2026 13:09
WTI Crude oil futures plunged in last session as easing geopolitical tensions pulled the counter lower after a break under $100 per barrel. Reports that the US and Iran are open to further negotiations for a longer-term ceasefire helped cool some of the risk premium and WTI futures lost around 8% on the day. The counter eased further today as IMF expects global economy to expand at 3.1% in 2026 as compared to 3.4% in 2025. WTI crude is currently at $91.05 per barrel, down 0.25% on the day. These are the lowest levels in last three-weeks. On MCX, the counter trades at Rs 8525 per barrel, down 0.54% on the day after a steep correction in last session that saw the counter fall more than 7%. Highs around Rs 8570-80 per barrel are capping the upside for the futures today.

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