New Delhi, May 4 (BNP): Crude oil prices rose in futures trade on Monday, tracking firm global trends amid concerns over supply disruptions linked to geopolitical tensions.
On the Multi Commodity Exchange (Multi Commodity Exchange of India), crude oil for May delivery climbed ₹156, or 1.61%, to ₹9,821 per barrel, with trading activity recorded across thousands of lots.
Market participants said prices remained supported by ongoing uncertainty around global supply conditions, particularly developments involving tensions in West Asia that could influence crude availability.
Analysts noted that crude prices have been fluctuating near the ₹9,800 mark as traders closely monitor geopolitical signals and their potential impact on global oil flows. While supply concerns are keeping prices elevated, broader market sentiment remains cautious.
Overall, crude oil continued to trade with a firm tone as investors assessed the balance between global demand expectations and possible supply risks.
Leave a Reply