Crude oil futures hit record Rs 10,044 on MCX amid West Asia crisis

Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets

New Delhi: Crude oil prices rose on Tuesday, with futures hitting a record high of Rs 10,044 per barrel during trade amid disruptions in global energy supplies triggered by the lingering West Asia crisis.

On the Multi Commodity Exchange (MCX), crude oil for June delivery surged Rs 43, or 0.43 per cent, to trade at Rs 9,967 per barrel in 8,508 lots. The contract had closed at Rs 9,924 per barrel on Monday.

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Analysts said fresh buying by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude was trading 0.01 per cent higher at USD 108.67 per barrel, while Brent crude rose 1.45 per cent to USD 110.48 per barrel.