MCX Crude Stays Supported Around Rs 5700 Per Barrel

4 Jan 2022 , 05:38 PM

WTI Crude oil consolidated above $76 per barrel today as steady global equities supported the sentiments. Asian stocks stayed largely supported though some selling was seen in Chinese market. Chinese benchmark Shanghai Composite index ended down 0.20%. Hong Kongs Hang Seng closed flat. Japanese Nikkei 225 spiked 1.77%. European stocks edged up modestly. The US stocks saw a sound start to the new year with DOW hitting another fresh high despite soaring US Covid-19 cases. WTI Crude is currently up 0.35% at $76.35 per barrel after strong gains in last session. Oil market is eying the meeting of the OPEC+ alliance. MCX Crude oil futures are quoting up 0.32% at Rs 5700 per barrel after hitting a high of Rs 5733 per barrel.

Powered by Commodity Insights