Mumbai, May 13 -- WTI crude oil futures jumped to a two-week high amid easing geo-political concerns between US and China. The move follows an agreement between the United States (US) and China to reduce and suspend certain tariffs for a 90-day period, reducing fears of a global economic slowdown that supports the commodity. Oil futures were seen trading at $61.79 per barrel, down 0.26% on the day following a surge to its highest level in almost 2-weeks. Investors now seek US CPI and inventory data this week for further cues.
Published by HT Digital Content Services with permission from Capital Market....