Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 19th May, 2026: Crude oil prices surged to a fresh record high in futures trade on Tuesday amid continued concerns over supply disruptions and volatility linked to the United States-Iran conflict.
On the Multi Commodity Exchange of India, crude oil contracts for June delivery rose for the third consecutive session, gaining Rs 226, or 2.3 per cent, to touch an all-time high of Rs 10,150 per barrel.
Analysts said domestic crude futures remained strong despite some weakness in global benchmark prices after indications of a possible diplomatic pause between Washington and Tehran helped moderate geopolitical risk premiums.
The rise in crude prices reflects ongoing market concerns about potential disruptions to global energy supplies and shipping routes in West Asia.