Mumbai, Feb. 11 -- Crude oil futures climbed toward $73 per barrel, extending a 2% rise from the previous session as Russian output fell below its OPEC+ quota in January. Supply concerns deepened after the US imposed new sanctions on individuals and tankers transporting Iranian crude to China. Meanwhile, Trump urged Israel to end its ceasefire with Hamas if hostages aren't returned, raising fears of renewed conflict. However, trade tensions, including Trump's steel and aluminum tariffs, added uncertainty, potentially impacting US oil drillers. MCX crude for February delivery traded slightly lower at Rs.6331 per barrel.
Published by HT Digital Content Services with permission from Capital Market....