WTI Crude oil futures stayed under pressure ahead of the weekend as firm US dollar index weighed on the sentiments. Selling pressure also remained in place on broad demand concerns and pulled the counter under $90 per barrel. WTI Crude oil futures are currently trading at $89.19 per barrel, down around 1% on the day. The US dollar was firm for the third day in a row as a hawkish fed in its recent minutes and continued rate hike stance pushed treasury yields higher, supporting dollar. US treasury yields were higher near 2.9% while dollar index that measures the greenback against a basket of currencies was up 0.09% at 107.5 holding around five week high. MCX Crude oil futures are also trading down 2.12% at Rs 7115 per barrel after testing a low near Rs 7100 mark. Powered by Commodity Insights
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