Mumbai, Oct. 17 -- WTI crude oil futures slid below $57 per barrel in Asian trading on Friday, marking a five-month low and a weekly decline of nearly 4%. Prices weakened as traders eyed upcoming US-Russia talks that could ease restrictions on Russian output, potentially adding to the global surplus. The US EIA reported a 3.5 million barrel increase in crude inventories last week, reflecting tepid demand and heightening worries about oversupply. Meanwhile, ongoing US-China trade tensions added further pressure. On the MCX, November crude futures fell 1% to Rs.4998 per barrel.
Published by HT Digital Content Services with permission from Capital Market....