Amid the escalating West Asia War, crude oil prices once again rebounded by Rs 261 to Rs 8,981 per barrel in futures trade on Tuesday. The surge happened amid firm global trends and uncertainty over supply disruptions due to the ongoing conflict in West Asia.

As reported by PTI, crude oil on the Multi Commodity Exchange (MCX) for March delivery increased by Rs 261, or 3 per cent, to Rs 8,981 per barrel in a business turnover of 12,183 lots.