Mumbai, Feb. 10 -- Crude oil futures climbed above $71 per barrel on Monday, driven by fresh US sanctions targeting Iran's crude exports to China. However, gains were capped by concerns over President Donald Trump's new global tariffs on steel and aluminum, which could impact the US energy sector. Meanwhile, China's retaliatory tariffs on US goods took effect today but are expected to have minimal impact on energy markets. On MCX, February crude oil futures rose by Rs 42 to Rs 6279 per barrel. The dollar index also surged past 108.3, adding pressure on oil prices as inflation worries resurfaced.
Published by HT Digital Content Services with permission from Capital Market....