Crude oil futures jump over 3% as tensions in Middle East escalate further
Crude oil prices on Monday rose over 3 per cent to Rs 4,646 per barrel as tensions in Middle East escalated further after US president Donald Trump warned of a “major retaliation” if Iran tries to avenge the killing of its top military commander Qasem Soleimani.
On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 147, or 3.27 per cent, to Rs 4,646 per barrel in 66,031 lots.
Crude oil for February delivery was up by Rs 142, or 3.16 per cent, at Rs 4,636 per barrel with an open interest of 3,368 lots.
