Crude Bounces, War Reignites Supply Worries

21 Jun 2022 , 04:54 PM

WTI Crude oil moved up amid firm cues from equities and a slide in the US dollar today. Further worries stayed in place on the Russia-Ukraine war front. The Russian defense ministry said on Tuesday that its missiles had struck an airfield near the Ukrainian port city of Odesa, media reports quoted. Meanwhile, the Asian stocks rose on Tuesday as some stability returned to markets after last weeks hefty losses. European shares edged up in a steady manner amid generally positive leads from risky assets. The US stocks were closed yesterday on account of Juneteenth holiday. WTI Crude is hovering at $110 per barrel, up 1.74% on the day after witnessing a good bounce from after a sharp 9.2% drop last week.Powered by Commodity Insights