Crude oil stayed above $90 per barrel but was seen losing momentum gained in the last couple of sessions. Oil prices were supported on strong fuel demand amid reports of larger than expected US crude stocks draw. However hawkish fed and surge in the dollar coupled with persistent concerns about economic slowdown added pressure on the commodity. WTI crude oil was down quoting lower by 0.45% at $90.11 per barrel. However, crude futures are headed for a weekly drop of about 2%. Powered by Commodity Insights
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