WTI Crude oil futures continue to hold above $110 per barrel on worries over Russia-Ukraine war. Sentiments were lifted on reports that Shanghai aims to reopen broadly and allow normal life to resume for its citizens. This could drive up the demand for crude oil after recent choppiness in prices. However, intraday gains were capped in oil. MCX Crude oil futures broke above Rs 8900 per barrel mark before easing a little and closed at Rs 8835 per barrel, down marginally on the day. US EIA Crude oil inventories data is due today and overall sentiments are likely to be tight. Powered by Commodity Insights
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