2025-12-26 12:16:04 pm | Source: Accord Fintech
Crude oil futures marginally rise amid escalating geopolitical tensions
Crude oil futures marginally rose on MCX after speculators built up positions, supported by escalating geopolitical tensions, including US actions targeting Venezuelan oil shipments and hostilities between Ukraine and Russia. Although some gains were limited by signals of an oversupplied market.
The contract for January delivery was trading at Rs 5277.00, up by 0.09% or Rs 5.00 from its previous closing of Rs 5272.00. The open interest of the contract stood at 18566 lots.
The contract for February delivery was trading at Rs 5290.00, up by 0.08% or Rs 4.00 from its previous closing of Rs 5286.00. The open interest of the contract stood at 1647 lots on MCX.
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