MCX Crude oil futures saw a volatile movement today amid continued worries about Russia-Ukraine war. The local futures witnessed a gap down opening as WTI Crude continued to drop, testing near one week low on profit selling. The global prices edged up somewhat in Asian trades today and the WTI Crude currently lingers at $106.70 per barrel, up half a percent on the day. This pulled up the MCX Crude from a low around Rs 8060 per barrel in early trades. The counter tested around Rs 8150-8160 per barrel band twice and currently quotes at Rs 8139 per barrel, down marginally on the day. The counter has lost around 10% from its recent all-time high and could see some consolidation. The overall mood will be dictated by the war in Ukraine.
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