20-Dec-2024

MCX Morning Wrap: MCX Crude sees support around Rs 5880 per barrel

MCX Crude oil futures are witnessing a corrective action today after opening lower. The counter fell sharply yesterday, giving up 1% and saw a further deterioration today, falling under Rs 5900 per barrel mark. However, lows around Rs 5880-5885 per barrel are offering sustained support on the downside. The counter currently trades down 0.61% at Rs 5897 per barrel. MCX Natural Gas futures are trading up today though, up 3.24% at Rs 308.90 per mmbtu.

Powered by Commodity Insights