MCX Evening Update: Crude spikes more than 10%

MCX Crude oil futures continued to add gains as global oil prices saw a massive spike after Donald Trump said in his first national address since the start of the war that the US would hit Iran extremely hard in the coming weeks. MCX Crude oil futures for April broke above Rs 10000 per barrel and currently trade at Rs 10314 per barrel, up 11.47% on the day. WTI Crude has jumped 9.60% to trade around $110 per barrel.

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