Oil resumes upside momentum as supply concerns loom even though worries of slowing demand from US will keep a lid on gains. Crude fell by nearly 3% in the previous session amid signs of softening US demand after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer driving season. Meanwhile, the European Central Bank (ECB) raised rates by 50 bps in order to curb inflation. ECB President Christine Lagarde cautioned that inflation risks had become higher, as the Ukraine war was likely to drag on and energy prices are to stay high for longer. WTI crude futures are trading up more than 1% at $ 97.34 per barrel. Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
