New Delhi, June 17 -- The crude oil prices have continued to ease down after the announcement of peace agreement between US and Iran, coming down to a three-month low. Prices have gone down sharply by nearly 16 per cent with the US benchmark West Texas Intermediate was trading close to USD 77 a barrel.
On the Multi Commodity Exchange, crude oil futures for the July delivery slipped by Rs 63, or 0.88 per cent, to Rs 7,061 per barrel in a business turnover of 4,004 lots.
In its latest Oil Analyst report, Goldman Sachs has cut its Brent crude oil price forecast for the fourth quarter of 2026 to USD 80 per barrel from USD 90 earlier. The research has cited an expected faster recovery in Middle East oil supply following a deal to reopen the St...