Mumbai, Dec. 9 -- WTI crude oil prices extended decline under $59 per barrel mark after a sharp 2% decline in the previous session on supply concerns. Besides, slight strength in dollar overnight also weighed on the counter. The trajectory of the U.S. peace plan aimed to end the Russia-Ukraine war and on the announcements to be made by the U.S. Federal Reserve on December 10 will be keenly watched. Moreover, investors are now awaiting reports from the EIA and OPEC+, due later this week, for updated supply-demand guidance. WTO crude oil futures are currently holding at $58.74 per barrel, down 0.24% on the day.
Published by HT Digital Content Services with permission from Capital Market....