Energy & Petrochemicals #crude oil#energy
Crude Check: Oil Prices Form a Base for a Possible Rebound
Crude oil prices stabilized last week after a sharp sell-off, with Brent crude on ICE at $72.10 per barrel and MCX crude futures at ₹6,568. The price action indicates a potential corrective rally, with resistance at $80 for Brent and ₹7,300 for MCX. Traders are advised to maintain long positions with a stop-loss at ₹6,350.
Jul 4, 2026 1 source