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Crude Off One Month High

30 Aug 2022 , 10:29 AM

The WTI crude oil futures fell from a one month high after a sharp rally yesterday. WTI crude gained $3.95, or 4.2%, to$ 97.01, after rallying 2.5% last week. The commodity is currently down 0.40% at $96.70 per barrel. The commodity is tracking cues from OPEC as the cartel is expected to cut the output in coming days. A modest pullback could keep overall sentiments supported as some bargain buying is possible amid a recovery in equities in Asia.Powered by Commodity Insights

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