MCX GOLD₹1,43,303-1.90%MCX SILVER₹1,99,917+0.16%MCX CRUDE₹9493.00+3.10%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹268.60+1.47%USD / INR₹94.87+0.30%COMEX GOLD$4,040-2.66%WTI CRUDE$99.10+2.01%MCX GOLD₹1,43,303-1.90%MCX SILVER₹1,99,917+0.16%MCX CRUDE₹9493.00+3.10%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹268.60+1.47%USD / INR₹94.87+0.30%COMEX GOLD$4,040-2.66%WTI CRUDE$99.10+2.01%
MCX GOLD₹1,43,303-1.90%MCX SILVER₹1,99,917+0.16%MCX CRUDE₹9493.00+3.10%MCX COPPER₹1364.00-1.90%MCX NAT GAS₹268.60+1.47%
as of 2026-10-23 02:54 IST
energyFlash

MCX Crude eases on consolidation after supply stabilisation rally

Source: BhaavBrief Intelligence
MCX Crude eases on consolidation after supply stabilisation rally

WHAT HAPPENED MCX Crude traded at 7808 INR/bbl at 16:40 IST, posting a modest +0.06% gain. The price consolidates within the recovery trajectory established from the 7134 INR/bbl trough logged at 22:29 IST yesterday. Supply-side stabilisation sentiment remains intact. USD/INR at 95.44 INR provides marginal tailwind, while Natural Gas weakened -1.20%, signalling selective commodity pressure.

WHAT IT MEANS The narrow daily move reflects profit-taking after the +5.11% surge to 7803 INR/bbl at 23:10 IST. Crude is consolidating gains near session highs, suggesting traders are digesting the recovery from yesterday's lows rather than committing fresh directional exposure. Cross-asset weakness in Natural Gas indicates energy complex divergence.

WHAT TO WATCH Hold of 7800 INR/bbl support intraday. A break below 7750 INR/bbl would signal loss of momentum; a push toward the 7954 INR/bbl high from 12:10 IST would confirm supply stabilisation strength persists.

Found this useful? Share it with your trading circle.
Analyze Crude Oil Options →