Mumbai, March 7 -- MCX crude oil futures rose by Rs 42 to Rs 5826 per barrel on Friday, while WTI crude hovered just above $66, heading for its worst weekly performance since October and extending a rare losing streak that began in December 2023. A softer US dollar, with the dollar index slipping below 104, provided some temporary relief to commodities ahead of the closely watched US jobs report. Still, trade war tensions kept markets on edge, as Trump extended tariff relief for Mexico and Canada until April 2, while China prepared fresh retaliatory measures. On the supply side, concerns are mounting with OPEC+ planning to raise output in April, alongside possible restarts of the Kirkuk-Ceyhan pipeline and increased production from Kazakhst...
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