COMMODITY
Crude oil futures trade bullish on strong global demand
Jan-09-2026

Crude oil futures traded bullish on MCX, in tandem with strong global demand with the supply concerns like OPEC+ cuts, Middle East tensions. Softer dollar, and lower-than-expected inventory also supported the upward trend.

The contract for January delivery was trading at Rs 5260.00 up by 1.88% or Rs 97.00 from its previous closing of Rs 5163.00.The open interest of the contract stood at 15433 lots.

The contract for February delivery was trading at Rs 5276.00, up by 1.85% or Rs 96.00 from its previous closing of Rs 5180.00. The open interest of the contract stood at 7026 lots on MCX.

  RELATED NEWS >>