Crude oil futures hit one-month high amid US-Iran tensions
after close1 source ↓written by the desknot a recommendation
- 3.83
- ₹282
- 3.25
- ₹240
- in two sessions
- 12%
Crude oil futures surged to a one-month high of ₹7,642 per barrel on the MCX, driven by US military strikes on Iran that raised supply disruption fears. The July contract rose by ₹282 (3.83%) with a turnover of 15,479 lots, while the August contract increased by ₹240 (3.25%). Traders are reacting to escalating geopolitical tensions in West Asia, prompting aggressive buying.
• July contract: ₹7,642 per barrel
• August contract: ₹7,634 per barrel
• Recent rally: nearly 12% in two sessions
Immediate market implications suggest heightened volatility in oil prices as geopolitical risks persist.
Not investment advice. For informational purposes only.