Commodities
Prices as of 02 Nov, 9:25 AM
Crude Oil
| Commodity | 1D Chart | Price | 1D Change | Volume |
|---|---|---|---|---|
| ₹9,465.00 | -472.00 (-4.75%) | 16,639 | ||
| ₹9,466.00 | -469.00 (-4.72%) | 49,099 |
Frequently Asked Questions
MCX Crude Oil is a futures contract priced in rupees per barrel. It tracks the international WTI crude benchmark, so its price closely follows global oil markets.
The main drivers are OPEC+ production decisions, global demand, US inventory data, geopolitical tensions in oil-producing regions, and the USD-INR exchange rate.
Crude oil is priced globally in US dollars. When the rupee weakens against the dollar, MCX crude prices tend to rise even if global oil prices stay flat. When the rupee strengthens, the opposite happens.
No. MCX Crude Oil futures are cash-settled, so no physical oil changes hands. Open positions at expiry are settled at the final settlement price.
Yes. MCX offers Crude Oil Mini, which has a smaller lot size and a lower margin requirement, making it more suitable for traders with smaller capital.
Crude oil contracts are monthly. Each one expires a few days before the corresponding international WTI contract expires. Check the MCX contract calendar for exact dates.
