MCX Crude corrects more than 2%

WTI Crude oil futures corrected today, giving up after hitting highs around $86 per barrel in last session. Prices moved up after Iran?s Islamic Revolutionary Guard Corps (IRGC) says it targeted a US base in Kuwait in response to US attacks on Iran on Thursday. However, some corrective action emerged in the counter thereafter and the commodity is currently trading down 1.34% at $82.48 per barrel. MCX Crude oil futures are also down 2.25% at Rs 7856 per barrel as a slide under Rs 8000 per barrel mark extended.

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