Crude oil prices surge amid geopolitical tensions
pre-market1 source ↓written by the desknot a recommendation
- prices surged
- ₹460
- per barrel
- ₹7,881
- increase
- 6.2%
- also rose
- ₹462
- per barrel
- ₹7,815
Crude oil prices surged by ₹460 to ₹7,881 per barrel for March delivery on the Multi Commodity Exchange, marking a 6.2% increase. The April contract also rose by ₹462 to ₹7,815 per barrel. This volatility is driven by escalating geopolitical tensions and supply risks in West Asia, particularly affecting tanker movement through the Strait of Hormuz. 📈
Not investment advice. For informational purposes only.