Mumbai, Dec. 2 -- WTI crude traded slightly higher near $55.5 in electronic trades on Tuesday, extending its previous session's gains as geopolitical tensions lifted sentiment. Ukrainian attacks over the weekend damaged key infrastructure on the Caspian Pipeline Consortium route, halting loading operations and raising supply concerns. Tensions also climbed after US President Donald Trump warned that Venezuela's airspace should be considered closed. Meanwhile, OPEC+ reaffirmed its plan to keep production unchanged in the first quarter of 2026 amid uneven demand and possible oversupply. On MCX, December crude oil futures rose 0.5 to Rs.5352 per barrel.
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