MCX Crude Tests Rs 8900 Per Barrel

17 May 2022 , 02:15 PM

WTI Crude oil futures continue to hold above $110 per barrel on worries over Russia-Ukraine war. WTI Crude currently trades up modestly at $114 per barrel. However, sentiments were lifted on reports that Shanghai aims to reopen broadly and allow normal life to resume for its citizens. This could drive up the demand for crude oil after recent choppiness in prices. MCX Crude oil futures broke above Rs 8900 per barrel mark before easing a little and currently quote at Rs 8857 per barrel, down marginally on the day.Powered by Commodity Insights