Mumbai, Feb. 25 -- WTI crude oil is recovering from a two-month low and is trading at $71.09 per barrel, up 0.55% on the day on Tuesday morning in Asia. This follows a brief decline in the commodity below $70 mark in the previous session. The rebound comes after U.S. imposed more sanctions on Iran's oil trade, raising concerns over tighter global supplies. The Treasury and State Departments announced on Monday, targeting companies and individuals, including the head of Iran's national oil company. Besides, developments surrounding further tariff policies from US President Donald Trump would also be closely watched.
Published by HT Digital Content Services with permission from Capital Market....