Mumbai, April 1 -- MCX crude oil futures surged to Rs.6142 per barrel, tracking global crude's rally to $71.7, it's highest in over a month. Market tensions flared as Trump threatened massive 25%-50% secondary tariffs on Russian oil buyers, putting India and China under pressure. He also warned of bombing Iran unless it renounces nuclear ambitions, adding to geopolitical jitters. With traders bracing for his next tariff shock on Wednesday, supply fears are mounting. The uncertainty has kept oil bulls in control, fueling a second straight session of gains. Investors are watching closely as the energy market navigates another storm of political drama.
Published by HT Digital Content Services with permission from Capital Market....