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Crude Oil Futures Soar to Record Rs 6,596 Per Barrel
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Crude Oil Futures Soar to Lifetime High of Rs 6,596/Barrel Amidst Middle East Tensions
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News18
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02-03-2026, 12:15
Crude Oil Futures Soar to Lifetime High of Rs 6,596/Barrel Amidst Middle East Tensions
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Crude oil futures reached a lifetime high of Rs 6,596 per barrel on Monday.
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Prices jumped by Rs 504, or 8.27 percent, for April delivery on the Multi Commodity Exchange.
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Escalating tensions in the Middle East are cited as the primary reason for the price surge.
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Globally, West Texas Intermediate crude rose 5.55 percent to USD 70.74 per barrel.
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Brent crude also increased by 5.86 percent to USD 77.14 per barrel in New York.
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