Supportive Equities Push Up Crude, MCX Crude Oil Recovers Above Rs 8600 Per Barrel

4 Jul 2022 , 12:21 PM

WTI Crude oil futures moved up today as supportive equities capped initial losses and pushed up the counter. Asian stocks moved up in jittery on Monday. The U.S. market is closed for a holiday Monday. Wall Street ended sharply higher in light trading on Friday as investors embarked on the second half of the year. The higher close on Wall Street came as traders went bargain hunting following the significant decrease seen early in the session. WTI Crude oil futures are trading at $109 per barrel, up half a percent on the day. MCX Crude oil futures moved up from initial lows, testing near Rs 8540 per barrel and moved up thereafter, breaking above Rs 8600 per barrel in mid afternoon trades. Powered by Commodity Insights