Commodity Tips- Crude oil futures jump to Rs. 3358/ barrel

Crude Oil, Commodity Intraday tips, Gold Silver Tips,Oil markets jumped on Monday morning hours on concerns over potential renewed U.S sanctions against Iran and conflict in Iraq. Crude oil rose Rs 48 to Rs 3,358 /barrel at the futures market today, since speculators indulge in generating speculative positions, taking positive cues from Asian markets. Brent crude futures were at USD 57.82, up 1.1%, from the previous close.
At the MCX, crude oil for delivery in Oct’ was trading higher by Rs, 48 or 1.45% at Rs 3,358 /barrel in a business turnover of 6293 lots. Similarly, the oil for delivery in Nov gained Rs 48 or 1.44% to Rs 3,386 / barrel in 809 lots. Meantime, WTI gained 0.80% to USD 51.86, while global benchmark Brent was up 1.07% at USD 57.78 a barrel.

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