MCX Crude Oil Tips Today: According to preliminary readings from CME Group for crude oil futures markets, traders added 706 contracts to their open interest positions on Friday, reaching the fourth daily build in a row. In the same line, volume resumed the uptrend and went up by around 485.5K contracts.
Crude oil relief rally as banking concerns ease
On Monday, the price of crude oil increased in early trading as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend heightened geopolitical tensions in Europe. Brent crude futures rose by 0.4%, or 33 cents, to $75.32 a barrel at 0040 …