On Thursday, the crude oil prices declined by almost $10 per barrel globally. The prices declined to $66 per barrel.
The prices have declined as the supply is rising but due to COVID-19, the demand is falling.
Due to less demand and excess supply, prices have declined in the international markets.
Oil-producing countries like Russia & Saudi Arabia are increasing oil supply every month this year.
The decline in global crude oil prices has not affected the fuel prices in India. The fuel prices have remained static since July 18.