WTI Crude oil futures rebounded after tanking yesterday. Prices fell as steady shipments from major producing nations and demand worries triggered hefty correction. However, prices recovered today and the WTI Crude oil futures are currently trading at $53.12 per barrel, up 1.64% on the day. Crude is currently hovering around three week top. MCX Crude oil futures are trading at Rs 3805 per barrel, soaring 1.79% on the day. European shares extended gains while Asian markets ended higher on Wednesday as investors tried to shake off concerns over the coronavirus epidemic. The UKs FTSE 100 is up 0.76% while French CAC added 0.71% and German DAX rose 0.53%.
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