MCX Crude Rebounds 2.40% to ₹7,251, Reversing Recent Decline as Brent Firms Above $80

MCX Crude has climbed ₹170, or 2.40%, from ₹7,081 to ₹7,251 per barrel since the last flash at 10:26 am IST on 18 Jun. This move reverses the three-session decline that had carried the contract from ₹7,615 to ₹7,081. The primary mechanical driver is Brent crude rising 0.59% to $80.02 per barrel, while WTI softened marginally to $76.20, creating a spread dynamic that lifted Indian crude futures. A weaker rupee cushion is absent here — USDINR has firmed to 94.31 from 94.86, which would ordinarily cap rupee-denominated gains, making the Brent-led move the dominant factor. Watch: ₹7,310 as the next resistance level to monitor.