Crude oil futures continued to trade in the green, despite global volatility and some profit booking abroad. July crude oil futures on the Multi Commodity Exchange (MCX) were trading at Rs 6,324 per barrel, up Rs 25 or 0.4 per cent from the previous close. Meanwhile, on the COMEX, US crude contracts hovered at $74.54…
Crude oil futures fell more than 4% in early trading on Wall Street on Monday, following reports that Iran is seeking to cease hostilities with Israel and reinstate nuclear discussions. West Texas Intermediate (WTI) crude oil for July delivery declined by $3.30, or 4.52%, to $69.68 per barrel. Brent crude, the global benchmark, dropped by…
Crude oil futures traded higher on Monday amid escalating tensions between Israel and Iran, raising fears of disruptions to global oil supplies. Both countries continued their attacks over the weekend, adding pressure to already volatile energy markets. As of Monday afternoon, Brent crude futures for August delivery were trading at $74.65 per barrel, up 0.57…