MCX Crude Oil – October futures gain over 3% intraday; buy for this price target
Taking cues from the global situation unfolding, the oil futures on domestic commodities markets followed suit. The October Oil futures gained almost 3.2 per cent on the MCX and were trading at Rs 6130 bbl or Rs 189 higher from the Friday closing price
The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week decided to maintain a steady and gradual increase in production. Source: Reuters