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CRUDE OIL UPDATE:
π₯π₯Oil prices rose on Monday, recouping some of last weekβs more than 7% decline, with no let up of fighting in the Middle East and the expectation of retaliatory Israeli attacks on Iran worrying markets about supply from the region.
π₯π₯U.S. Secretary of State Antony Blinken will make another push for a ceasefire when he heads to the Middle East on Monday, the State Department said, seeking to kick-start negotiations to end the Gaza war and also defuse the spillover conflict in Lebanon.
π₯π₯Technically, crude oil Nov MCX trading around 5880, up rs.45& 0.75%. prices traded in a range between 5800 to 5950. Either side break with good volume will confirm the next short term trend.