MCX GOLD₹1,44,800-0.88%MCX SILVER₹2,03,640-2.64%MCX CRUDE₹9465.00+2.79%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹263.10-0.60%USD / INR₹94.92+0.35%COMEX GOLD$4,102-1.16%WTI CRUDE$99.29+2.20%MCX GOLD₹1,44,800-0.88%MCX SILVER₹2,03,640-2.64%MCX CRUDE₹9465.00+2.79%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹263.10-0.60%USD / INR₹94.92+0.35%COMEX GOLD$4,102-1.16%WTI CRUDE$99.29+2.20%
MCX GOLD₹1,44,800-0.88%MCX SILVER₹2,03,640-2.64%MCX CRUDE₹9465.00+2.79%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹263.10-0.60%
as of 2026-10-22 15:02 IST
energyFlash

MCX Crude crashes 5.18% as supply concerns fade

Source: BhaavBrief Intelligence
MCX Crude crashes 5.18% as supply concerns fade

WHAT HAPPENED MCX Crude plunged to 7545 INR/bbl at 10:27 pm IST, extending a -5.18% decline from the previous close. The retreat continues the pullback from yesterday's 8961 INR/bbl peak as geopolitical supply anxieties moderate. USD/INR softened -0.75% to 95.84 INR, while natural gas weakened -3.14% to 256.2 INR/mmBtu across the complex.

WHAT IT MEANS Crude has surrendered 1416 INR/bbl from yesterday's spike, signaling profit-taking and a recalibration of supply-shock premiums. The rupee's concurrent weakness provides limited cushion. Traders face renewed downside momentum with crude now firmly below 7600 INR/bbl—a critical support zone.

WHAT TO WATCH The 7400 INR/bbl floor is next. A hold above that level suggests consolidation; a break would expose 7200 INR/bbl and test the durability of the recent reversal.

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