Crude Oil Futures Surge by Rs 460, Reaching Rs 7,881 Per Barrel

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Crude Oil Futures Soar Rs 460 Amid Geopolitical Tensions, Strait of Hormuz Disruptions

Representational image (Image: News18)

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News18•11-03-2026, 15:00

Crude Oil Futures Soar Rs 460 Amid Geopolitical Tensions, Strait of Hormuz Disruptions

•Crude oil futures for March delivery jumped Rs 460 (6.2%) to Rs 7,881 per barrel on MCX.
•Global benchmarks advanced due to intensifying geopolitical tensions and supply risks in West Asia.
•Disruptions to tanker movement through the Strait of Hormuz contributed to price volatility.
•International prices: WTI rose 3% to USD 85.74, Brent up 2.47% to USD 89.97 per barrel.
•IEA proposed largest oil reserve release; Middle Eastern producers cut output by 6 million bpd.

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