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•02-03-2026, 12:15

Crude Oil Futures Soar to Lifetime High of Rs 6,596/Barrel Amidst Middle East Tensions

•Crude oil futures reached a lifetime high of Rs 6,596 per barrel on Monday.
•Prices jumped by Rs 504, or 8.27 percent, for April delivery on the Multi Commodity Exchange.
•Escalating tensions in the Middle East are cited as the primary reason for the price surge.
•Globally, West Texas Intermediate crude rose 5.55 percent to USD 70.74 per barrel.
•Brent crude also increased by 5.86 percent to USD 77.14 per barrel in New York.

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