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Hot Commodities: Crude Oil Soars As Kiev Sees Further Esclalation In Fighting

21 Mar 2022 , 12:54 PM

The WTI Crude oil futures continued to surge today as equities saw a cautious movement amid continued worries over Russia-Ukraine war. Russia has reportedly warned residents that it was preparing to hit targets in the Ukrainian capital Kiev as a huge convoy of Russian armored vehicles continues to advance on the city. WTI Crude oil extended upmove above $100 per barrel amid these cues and currently trades up 3.36% at $106.70 per barrel. This pushed up MCX Crude oil impressively too. MCX Crude oil futures for April 2022 are up 3.31% to trade at Rs 8124 per barrel after witnessing a gap up opening of more than Rs 30 per barrel on the previous closing price.

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