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🇮🇳 MCX · mcx

MCX Crude Oil Signal Today

MCX Crude Oil tracks WTI crude oil futures priced in INR per barrel, making it India's primary vehicle for crude price exposure in domestic currency. India imports approximately 85% of its crude oil requirements, making the INR/USD rate and OPEC+ supply decisions critical variables that directly impact Indian inflation, the current account deficit, and the RBI's policy calculus. MCX Crude Oil lot size is 100 barrels. The contract is highly sensitive to after-hours international price moves since MCX extends trading to 23:30 IST to capture key US trading hours. SniperIQ provides multi-factor analytical research for MCX Crude Oil. This is analytical research, not investment advice.

Market Drivers

MCX Crude Oil price is primarily driven by WTI crude spot, which responds to OPEC+ production decisions, US inventory data (EIA weekly report, every Wednesday), rig count data (Baker Hughes, every Friday), and global demand expectations (IEA, OPEC monthly reports). The INR factor means a rupee depreciation amplifies crude import costs — and MCX price — even when WTI is stable. Geopolitical tensions in oil-producing regions (Middle East, Russia) add risk premium. India-specific factors include government fuel subsidy decisions and strategic petroleum reserve (SPR) release announcements.

SniperIQ Methodology

SniperIQ analyses MCX Crude Oil on 15-minute bars during MCX extended hours (09:00–23:30 IST). The research framework integrates WTI futures structure, DXY direction, and USD/INR to assess the combined driver landscape. Research outputs are directional bias classifications — not buy/sell calls.

Frequently Asked Questions

What is MCX Crude Oil?

MCX Crude Oil is a WTI crude oil futures contract traded on India's MCX, priced in INR per barrel, giving Indian traders domestic-currency crude exposure.

What is MCX Crude Oil lot size?

The standard MCX Crude Oil lot is 100 barrels.

How do OPEC decisions affect MCX Crude?

OPEC+ production cuts/increases directly move WTI crude prices, which transmit to MCX Crude with an additional INR factor. A supply cut typically lifts MCX Crude; a production increase typically depresses it.

What MCX Crude Oil trading hours are available?

MCX trades crude oil from 09:00 to 23:30 IST, capturing both Asian and US trading sessions.