MCX Crude Oil Futures Jump 2.29% Amid Global Price Increases
Crude oil futures on MCX surged by Rs 204 to Rs 9,115 per barrel on Tuesday amid positive global trends. The price increase was attributed to rising West Texas Intermediate and Brent crude prices globally.
The Multi Commodity Exchange saw a business turnover of 3,937 lots for October delivery, with the price rise amounting to 2.29% or Rs 204 from the previous day's close.
Analysts pointed out that increased bets by participants kept crude oil prices higher in futures trade.