Mumbai, March 17 -- Crude oil futures gained momentum in Asia, nearing 68 dollars, as markets responded to China's fresh economic push and rising geopolitical risks. Beijing's latest initiatives, including income hikes and childcare subsidies, lifted demand prospects, while the U.S. kept pressure on Yemen's Houthis with continued airstrikes, heightening supply fears. Investors also watched U.S.-Russia developments as ceasefire talks loomed, adding to market jitters. Meanwhile, escalating global trade tensions kept traders cautious. On MCX, crude oil futures edged up 39 rupees to 5879 per barrel, sustaining the bullish trend.
Published by HT Digital Content Services with permission from Capital Market....