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(02/04/2026 16:55)

Crude oil futures surge over 8% on supply concerns

Crude oil futures witnessed a sharp rally on Thursday, rising Rs 689 to Rs 9,228 per barrel, driven by concerns over supply disruptions amid escalating tensions in West Asia.

On the Multi Commodity Exchange, May delivery contracts jumped 8.07%, with trading volumes of 5,930 lots.

Market analysts attributed the surge to increased buying activity by participants, supported by fears of tightening global supply conditions.
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