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  • End Session Commentary - Detailed News

MCX Crude Hits Highs Above Rs 3900 Per Barrel As INR Eases
22-Jul-19   18:31 Hrs IST
WTI Crude oil futures soared today as a rebound from one month low extended for the commodity as markets eyed glaring concerns in Middle East. Tepid global equities did not affect the prices much and the WTI Crude oil futures are currently trading at $56.20 per barrel, up 1% on the day. MCX Crude oil futures are also up sharply, currently trading at Rs 3884 per barrel, up 1.85% on the day. Local prices soared as the Indian Rupee fell, testing its three week low of 69.06 per US dollar in intraday moves. Media reports noted that Iran's Revolutionary Guards on Friday captured a British oil tanker in the Gulf of Hormuz after Britain seized an Iranian vessel earlier this month, triggering heavy tensions in the critical international oil shipping route.

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