| 08 Apr 2026 11:49 | | Hot Commodities: MCX Crude oil futures down 17% amid massive fall in open interest | | | WTI Crude oil futures saw one of the largest slides today after the US President Donald Trump’s two-week Iran ceasefire announcement. Oil tumbled as Hormuz reopening news weighed heavily on sentiments and made the commodity give up bulk of the gains seen earlier this week. WTI crude oil futures slipped under the key $100 per barrel mark and tanked near two-week low. The counter currently quotes at $95.61 per barrel, down 15.35% on the day. MCX Crude oil futures opened sharply lower and saw a series of lower circuits. The counter currently trades down 17.46% at Rs 8806 per barrel. The Open interest in the counter has tumbled around 30% so far today, reflecting heavy long covering. | | Powered by Capital Market - Live News |
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