Commodity Radar: Crude oil futures jump over 4% on MCX. Religare analyst sees 13% upside, suggests initiating long positions

Crude oil prices surged over 4% on MCX as geopolitical tensions in the Middle East disrupted supply expectations. Analysts expect continued volatility but maintain a bullish outlook, citing tight supply conditions. Religare suggests initiating long positions, with potential upside driven by sustained disruption in the Strait of Hormuz.