MCX Crude oil gives up gains seen in last session

Crude oil eased today, starting the week on a tepid note but stayed in overall cautious mood. Crude prices rose Friday as Ukraine intensified its attacks on Russian refineries. Oil had slipped earlier in the week on Hopes that the US and Iran are moving closer to an effective solution to end the war. WTI futures slumped near two month low before witnessing a recovery. Prices slipped around 1% today to trade just above $90 per barrel. The MCX crude oil futures fell 0.92% to trade at Rs 8475 per barrel, giving up bulk of the gains seen in last session. The open interest in the counter has seen a decent uptick so far in the session.

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