Crude Oil Futures Soar Over 26% to New Record of Rs 10,549 Per Barrel

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Crude Oil Futures Soar 26% to Record Rs 10,549 Amid West Asia Crisis

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News18•09-03-2026, 15:30

Crude Oil Futures Soar 26% to Record Rs 10,549 Amid West Asia Crisis

•Crude oil futures on MCX surged over 26% to a lifetime high of Rs 10,549 per barrel for March delivery.
•The price hike is attributed to intensified West Asia crisis and disruptions in global energy supply.
•International crude prices, including WTI and Brent, also climbed above USD 100/barrel, first time since 2022.
•Blockage of oil tankers from the Strait of Hormuz and Iran targeting ships are key factors.
•Experts warn of potential further escalation in the West Asian conflict, impacting oil and gas infrastructure.

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