Crude oil saw modest gains, holding onto the upside break above $80 per barrel though mixed equities capped the rise. Chinese Shanghai Composite index lost 0.55%. The Japanese Nikkei 225 index tanked 1.83% to test around three month low. European shares mostly rose with UKs FTSE100 gaining around half a percent. The US stocks stayed under intense selling pressure. DOW lost around 1.5% on the day. Crude oil has benefitted from the weakness in the US dollar over last two sessions and the market is also eying possibility of a cut in supplies from OPEC. WTI Crude oil currently trades at $81.58 per barrel, up 0.43% on the day.Powered by Commodity Insights
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