Energy Preview: WTI Crude Jumps Above $41 Per Barrel

Energy Preview: WTI Crude Jumps Above $41 Per Barrel

Sep 18, 2020 08:09 IST capital market

WTI Crude oil jumped above $41 per barrel in last session, rallying more than 2% as traders focused on OPEC+ updates. Top energy ministers comprising the JMMC gathered to discuss latest oil market outlook and review production quota compliance. Oil soared on remarks from Saudi Prince Abdulaziz which effectively suggested a tighter oil market. MCX Crude ended at Rs 3022 per barrel, up 2.79%. Local traders also focused on the sliding Indian. INR closed at 73.66, down 14 paise on the day after testing 73.78 per dollar in intraday moves - recording its lowest in last one week.

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