Crude oil saw a volatile action as market eyed the continued violence in Ukraine. Economic cues were steady for the counter as manufacturing activity in the US central Atlantic region rebounded in March after growing marginally in February, according to a survey from the Federal Reserve Bank of Richmond released Tuesday. The Fifth District Survey of Manufacturing Activitys index increased to 13 in March from one in February. The US stocks carved out steady gains amid a decent pick up in risk appetite. WTI Crude is holding onto recent gains and trades up around 2% at $111 per barrel mark.
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