Mumbai, Dec. 4 -- Crude oil futures advanced in early electronic trades on Thursday, buoyed by ongoing Ukrainian strikes on Russian energy infrastructure that revived supply-risk premiums. WTI rose 0.5% to USD 59.24 per barrel, while Brent gained 0.4% to USD 62.9, reflecting heightened geopolitical uncertainty. In contrast, domestic crude for December delivery on MCX slipped 0.3% to Rs 5340 per barrel amid subdued local sentiment. Meanwhile, the Indian rupee breached the crucial 90-per-USD threshold, marking a fresh all-time low. Adding to the market's complexity, the latest EIA report indicated a 0.6 million barrel increase in US crude inventories, alongside hefty builds in gasoline and distillates, tempering broader bullish momentum in th...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.