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via thehindubusinessline.comMarkets

Crude oil likely to gain next week as supply fears overshadow relief measures

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

On the Multi Commodity Exchange, crude oil futures for November delivery rose by ₹566, or 6.4 per cent, over the past week to close at ₹9,394 per barrel

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHigher crude futures affect energy costs and inflation expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01November crude oil futures on the MCX rose 566 rupees, or 6.4%, over the past week.
  2. 02Contracts closed at 9,394 rupees per barrel.
  3. 03Analysts expect further gains as supply fears overshadow relief measures.

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