Crude oil sees mild upside in early trades on Tuesday although momentum has faded following a sharp rally in the previous session. The August contract due for expiry climbed more than 5% on Monday. WTI crude September futures are currently quoting at $99.05. Oil prices continue to move higher amid supply concerns even as demand worries from covid related curbs in China restrict sharp gains. Meanwhile, focus continues to be highlighted on the resumption of Russian gas flows to Europe via the Nord Stream 1 pipeline on July 21, when the current maintenance stoppage is due to end. Powered by Commodity Insights
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