![September futures for MCX crude oil: Go long expected target of Rs 7000 per barrel; a correction in MCX prices may occur](https://market-tracker.in/wp-content/uploads/2022/06/Barrel-of-Oil-1.jpg)
September futures for MCX crude oil: Go long expected target of Rs 7000 per barrel; a correction in MCX prices may occur
Following Russia’s invasion of Ukraine, Brent crude has surpassed $90 on the downside for the first time in eight months. Brent was trading at roughly $90 in February when Russia invaded Ukraine, and then prices soared as hostilities grew more intense. Since OPEC+ wants to maintain prices high and recession fears are rising, the cartel…