Global oil prices fell on September 24 amid oversupply fears.

Brent crude slipped below $82 per barrel, its lowest in weeks.

Investors reacted to higher U.S. inventory data and sluggish demand outlook.

India’s import bill is expected to benefit if this trend continues.

The rupee also strengthened, aided by lower oil import costs.

Energy companies gained on hopes of reduced input costs ahead.

Analysts said demand from China remains weak, pressuring global prices.

OPEC’s supply strategy may come under review if prices remain low.

Indian markets welcomed the dip as it reduces inflationary pressure.

Overall, oil weakness boosted domestic market sentiment and currency strength.