Bulls Gain Upper Hand In Crude Oil, WTI Futures Above $98 Per Barrel

26 Jul 2022 , 04:16 PM

MCX Crude oil futures moved up in tune with the global prices as markets eyed steady cues from equities. Good bargain buying emerged in the commodity after recent set of losses and the WTI Crude oil futures are currently trading up 1.52% at $98.17 per barrel. The MCX Crude oil futures are trading at Rs 7854 per barrel, up 1.83% on the day. Chinas Shanghai Composite index rose 0.83% after reports that government authorities plan to establish a bailout fund for certain property developers. Hong Kongs Hang Seng index rallied 1.67%. European stocks moved up in early moves. The US stocks ended on a mixed note on Monday after a choppy session as investors largely stayed cautious, looking ahead to some key earnings updates. Powered by Commodity Insights