energyFlash
MCX Crude Extends Decline 5.88% to ₹7,615 as WTI Slides to $80.07
Source: BhaavBrief Flash Monitor
MCX Crude has fallen from ₹8,091 to ₹7,615 per barrel, a drop of 5.88% since the flash at 13 Jun, 02:39 am IST, extending the sell-off that began from ₹8,675 on 11 Jun. This move continues the unbroken downtrend across the three most recent flashes. The primary mechanical driver is WTI crude declining 5.67% to $80.07 per barrel, with Brent also down 5.35% to $82.66. A rupee appreciation of 1.11% against the dollar, with USD/INR moving to 94.70, compounded the pressure by reducing the rupee-denominated import price further. MCX Aluminium's 4.10% drop adds to the broader commodity weakness. Watch: ₹7,500 as the next key support level to monitor.