Crude oil futures moved up today as the European equities jumped ahead of weekend. Oil continued to see good recovery from four month lows as the traders resorted to bargain buying and also eyed a slight drop in the US dollar index. The major indices in Europe zoomed higher with the German DAX leading the charge with a 1.50% spike. WTI Crude oil futures are also trading higher at $98 per barrel, up around 2% on the day. MCX Crude oil futures are trading at Rs 7793 per barrel, up 2.61% on the day after recovering from lows near Rs 7600 per barrel mark in early afternoon trades. Powered by Commodity Insights
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