The global crude oil markets focused on the disruption in Ukraine and its broad impact for the entire energy space. WTI Crude oil trades up 5% to $96 a barrel. Equities are witnessing volatile moves. Asian stocks started the new week in a subdued manner today. Chinese benchmark Shanghai Composite index added 0.32%. Hong Kongs Hang Seng fell 0.24%. Japanese Nikkei index edged up around 0.19%. European stocks slumped as nervousness visibly hurt markets on Monday. The French CAC index has lost nearly 3% while German DAX is down around 2.5%. MCX Crude oil futures opened firm around Rs 7250 per barrel and hit a high near Rs 7400 per barrel before easing a little. The counter currently quotes at Rs 7223 per barrel, up 5.61% on the day.
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