INSUBCONTINENT EXCLUSIVE:
India is the world's third-biggest consumer of crude oil.Mumbai: Multi Commodity Exchange (MCX) is set to launch the country's first crude
oil options contract on May 15, the exchange said in a statement on Tuesday
Two contracts expiring on June 15 and July 17 with lot size of 100 barrel will be launched next week, the exchange said.India is the world's
third-biggest consumer of crude oil
Crude oil futures contracts were most traded on the exchange platform in 2017/18 fiscal year ended on March 31.The option contract will
provide the physical market participants an additional tool to hedge their risk, said Mrugank Paranjape, managing director of MCX.The
global oil prices had surged close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with
