Mumbai, March 3 -- Oil prices pushed toward $70 per barrel, lifted by stronger-than-expected manufacturing data from China, hinting at rising fuel demand from the world's top crude importer. Geopolitical jitters added extra support as fresh tensions between Ukraine and the US cloud hopes for a Russia-Ukraine peace deal, keeping sanctions on Russian oil in play. However, gains were capped as fears of a global trade war resurfaced, with new US tariffs on Canada, Mexico, and China set to kick in. Back home, MCX March crude hovered flat at Rs 6122 per barrel.
Published by HT Digital Content Services with permission from Capital Market....