Crude Gains, WTI Futures Linger Around $111 Per Barrel

23 May 2022 , 05:11 PM

WTI Crude oil futures added around 1% to linger around $111 per barrel amid supportive equities globally and continued worries over Russia-Ukraine worries. However, Beijing extended work-from-home guidance for many of its 22 million residents after reporting 99 new infections for the previous day, the largest daily tally so far during a month-old outbreak. This can cap the upside for the oil prices. European markets saw good buying support on the first session of the week. The US Dollar index currently lingers around 102.50, down 0.47% on the day and is holding around two and half week low. Powered by Commodity Insights