India, March 13 -- By Kaushal Verma

Mumbai (Maharashtra) [India], March 13 (ANI): MCX crude oil futures could move toward Rs 11,500-Rs 12,000 levels in the coming weeks if global crude prices remain elevated amid rising geopolitical tensions in West Asia, Ajay Suresh Kedia, Director of Kedia Advisory, told ANI on Friday.

"We are seeing strong upward pressure on MCX crude oil prices due to the ongoing geopolitical risk premium and currency movement. If Brent crude sustains near $100 per barrel and the rupee weakens toward Rs.94 per dollar, MCX crude oil contracts could approach the Rs.11,500-Rs.12,000 zone," Kedia told ANI in an online interview, highlighting the transmission from international benchmarks to domestic commodity markets. ...