MCX Evening Update: Crude corrects sharply in intraday moves after testing Rs 9K

MCX Crude oil futures fell from intraday highs as global prices pulled back from their one and half week highs. The local futures topped out around Rs 9000 per barrel in afternoon trades and fell in negative zone for a brief period as oil corrected amid cautiousness owing to US-Iran war uncertainty. The counter currently trades at Rs 8774 per barrel, up 0.58% on the day. WTI Crude is up 0.61% at $93.53 per barrel.

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