25 Mar 2022 , 08:53 AM
Crude oil corrected after hitting two week high of $115 per barrel after G7 leaders urged oil-producing countries to step up production in order to fill the gap created by sanctions on Russia. Oil also eyed worries over Chinese demand as the country is fighting the worst Covid outbreak in two years and has locked down a number of cities. WTI Crude lost around 4% to approach $110 per barrel before witnessing some support. The counter currently trades up marginally at $112 per barrel.
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