Crude oil futures have slipped in tune with global cues as selling stayed in place in the commodity after the recent break under $100 per barrel mark for WTI futures. The counter currently trades at $95.66 per barrel, witnessing good support around three week low. Oil was hurt after the International Energy Agency (IEA) has announced that its member countries will be releasing a whopping 120 million barrels of crude oil reserves over a period of six months. As per IEA the unanimous agreement to release the stock was reached by the organisations 31 members on April 1.
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