Crude oil and gas prices rise further on Monday

Crude oil futures traded higher on Monday morning after the US and Iran warned each other of attacks on energy infrastructure.

At 10 am on Monday, June Brent oil futures were at $108.09, up by 1.58 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $99.15, up by 0.94 per cent. April crude oil futures were trading at ₹9,385 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹9,258, up by 1.37 per cent, and May futures were trading at ₹9,083 against the previous close of ₹8,971, up by 1.25 per cent.

Natural gas futures also edge higher

April natural gas futures were trading at ₹290.70 on MCX during the initial hour of trading on Monday against the previous close of ₹287.80, up by 1.01 per cent.

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