Mumbai, March 18 -- Oil prices rose to $67.7 per barrel on Tuesday, extending gains for the third straight session amid escalating Middle East tensions. Israel's major strike on Gaza and US President Trump's warning to Iran over Houthi attacks heightened supply concerns. MCX oil futures for April delivery traded near 5900, up by Rs 24 per barrel. Hopes of stronger demand from China, backed by stimulus measures and positive economic data, added support. However, potential progress in Russia-Ukraine peace talks and ongoing trade tensions may limit further gains.
Published by HT Digital Content Services with permission from Capital Market....