2026-01-13 12:43:16 pm | Source: Accord Fintech
Crude oil futures gain on renewed geopolitical tensions
Crude oil futures gained on MCX after speculators built up positions amid renewed geopolitical tensions after US President Donald Trump imposed additional 25% tariff on countries doing business with Iran. This upward pressure was largely offset by expectations of increased output from Venezuela as it prepares to resume exports.
The contract for January delivery was trading at Rs 5407.00, up by 1.35% or Rs 72.00 from its previous closing of Rs 5335.00. The open interest of the contract stood at 13351 lots.
The contract for February delivery was trading at Rs 5419.00, up by 1.35% or Rs 72.00 from its previous closing of Rs 5347.00. The open interest of the contract stood at 8876 lots on MCX.
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