Crude oil falls 2% in futures trade amid weak global cues
Crude oil prices fell by 2% in domestic futures trade following a conditional ceasefire agreement between Israel and Lebanon. The decline reflects market optimism regarding potential stability in the Strait of Hormuz, a critical global oil transit route.
Why it matters
Fluctuations in oil prices directly impact global inflation, transportation costs, and energy security, particularly in regions dependent on Middle Eastern supply chains.
Crude oil prices dropped 2% to ₹9,061 per barrel in futures trade on Thursday (June 4, 2026) amid weak trends in the international markets.
The article reports market data and geopolitical developments using standard financial reporting language.
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