New Delhi, April 10 -- Crude oil prices on the MCX rallied over 3% on Friday, following gains in international oil rates, amid supply concerns as tanker traffic through the critical Strait of Hormuz remained largely frozen.

MCX crude oil price for April futures contracts opened higher by Rs.267, or 0.98%, at Rs.9,200 per barrel, as against its previous close of Rs.8,933 level. Oil prices surged as much as 3.23% to a high of Rs.9,222 a barrel.

In the international market, Brent crude futures surged 1% to $96.86 a barrel, while US West Texas Intermediate futures were up 0.79% at $98.64 a barrel.

However, crude oil prices were still headed for a weekly loss amid signs of easing geopolitical tensions due to a fragile two-week ceasefire bet...