The WTI Crude oil futures raced up today, witnessing good bargain hunting after heavy losses in last session. Steady equities boosted the sentiments ahead of a key meeting of OPEC and its allies, known as OPEC. The producer group is due to hold a separate meeting on Tuesday to decide output policy. Oil fell more than 2% in the last session of the year as soaring US Covid cases hurt the sentiments. However, the commodity reversed today and currently trades up 1.20% at $76.10 per barrel. MCX Crude oil futures are up 0.60% to trade at Rs 5659 per barrel after dropping around 2% in last session.
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