{
  "id": 15229269,
  "title": "Crude Check: Bulls gain strength",
  "url": "https://urgent.news/2026/10/17/crude-check-bulls-gain-strength",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T16:05:48.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/commodity-analysis/crude-check-bulls-gain-strength/article71596186.ece"
  },
  "original_language": "en",
  "account": "Oil prices surged last week. Brent crude oil futures on the Intercontinental Exchange increased by 4.9 percent, reaching $109.90 per barrel. Domestic crude oil futures rose 6.4 percent, hitting ₹9,394 per barrel. Brent crude futures continued their upward trend for the third consecutive week, nearing a resistance level of $110. A break above $110 may propel the contract to $120. However, a decline from the current level could find support at $103 and $100. Crucial support lies between $103 and $100, forming a strong base. Brent crude futures surpassed their previous peak of ₹9,310 last week. A successful breakout above ₹9,000, followed by a rally, suggests strong momentum. The next resistance is projected at ₹10,200, with a subsequent barrier at ₹10,500. Conversely, if November futures decline, they could seek support at ₹9,000 and ₹8,750. The immediate support base is at ₹8,350. As long as this level remains intact, the outlook remains positive. Previously, we recommended buying October futures at ₹8,881, which will expire on October 19. Following the exit from the October longs, traders should consider purchasing November contracts at ₹9,250. The target price is ₹10,200, with a stop-loss at ₹8,750.",
  "summary": "Traders can buy MCX crude futures",
  "key_points": [
    "Brent crude oil futures rose 4.9%, reaching $109.90 per barrel",
    "Domestic crude oil futures increased 6.4%, hitting ₹9,394 per barrel",
    "Support lies between $103 and $100, forming a strong base"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}