New Delhi, June 16 -- Crude oil prices on the Multi Commodity Exchange of India (MCX) opened higher on Monday, extending its rally, as the heightened tensions in the Middle East due to intensifying Israel-Iran war increased concerns of disruption in oil exports.
MCX crude oil prices opened higher at Rs.6,343 per barrel as against its previous close of Rs.6,285. At 9:15 AM, MCX crude oil rate was up 1.05% at Rs.6,351 per barrel. On Friday, MCX crude oil prices jumped 7.77%.
In the international market, Brent crude futures rose 0.82% to $74.84 a barrel, while US West Texas Intermediate crude futures gained 0.99% to $73.70. They had surged more than $4 earlier in the session. Both benchmarks settled 7% higher on Friday, having surged more ...
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