Tag Archives: crude oil price calculated

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How is crude oil price calculated in MCX?

Crude oil prices in the Multi Commodity Exchange (MCX) of India are determined by supply and demand factors in the global crude oil market, as well as other factors such as currency exchange rates, geopolitical events, and production levels. The prices are also affected by the futures trading of crude oil contracts on the MCX, which allows market participants to buy and sell contracts for delivery at a later date at a price agreed upon today. The price of the contract is influenced by the supply and demand for crude oil in the international market and the rupee-dollar forex rate. The price of crude oil in MCX is determined by the prevailing market forces of demand and supply.

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