Mumbai, April 25 -- Crude oil futures hovered near $63 per barrel on Friday, on track for a weekly decline as oversupply concerns grew. MCX crude oil futures rose by Rs.12 to Rs.5392 per barrel. Reports suggest progress in peace talks between the US and Russia could lead to a Russia-Ukraine ceasefire, potentially easing sanctions and boosting Russian oil exports. However, losses were slightly cushioned by fresh US sanctions on an Iranian figure involved in crude and LPG shipping. Meanwhile, several OPEC+ nations are expected to push for another output hike in June. Kazakhstan said it will prioritize national interests and won't cut production from its major oil fields. Bearish sentiment also stems from ongoing China-US trade tensions, which...