Crude oil recovered to trade above $110 per barrel on continued worries over Russia-Ukraine war and cautious US equities. US stocks ended mixed on Monday after as some disappointing economic data from the U.S., Europe and China weighed on sentiment. WTI Crude currently trades down 0.41% at $111 per barrel as rising US rig count weighs on the market. The number of total active drilling rigs in the United States rose by 9 last week, according to new data from Baker Hughes published on Friday.Powered by Commodity Insights
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