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Commodity News Details
Energy Preview: Crude oil extends winning spree
05-May-2026 09:32
Crude oil jumped sharply on Monday amid a flare-up in the conflict in the Persian Gulf and deepening uncertainty over the near-total shutdown of ship traffic through the Strait of Hormuz. West Texas Intermediate crude, the US benchmark, rose about 4 percent to settle at $106.42 a barrel. MCX Crude oil futures rose nearly 2% to Rs 9820 per barrel. Oil slipped modestly in Asian trades though.

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