Mumbai, Nov. 25 -- WTI crude oil futures continue to stay downbeat despite renewed tensions between Russia-Ukraine and fresh conflicts in Middle East. However, reports of US pushing for a peace plan between Ukraine and Russia to end the three-year war is dampening sentiment for the commodity that is quoting at $58.64 per barrel, down 0.34% on the day. Meanwhile, rising bets of a US interest rate cut in December might help limit the WTI's losses. Also, oil traders await the release of the American Petroleum Institute (API) weekly crude oil stock report, which is due later on Tuesday.
Published by HT Digital Content Services with permission from Capital Market....