Mumbai, Jan. 31 -- Crude oil futures held firm above $73 per barrel in Asia, eyeing a 2% monthly gain. Prices rose on reports of US sanctions on Russia, supply concerns, a softer dollar, and cold weather in the US. Investors await the OPEC+ meeting on Feb 3, with expectations of no immediate supply hikes. Trump is pressuring Saudi Arabia to cut prices while considering exempting oil from new 25% tariffs on Canada and Mexico. MCX February crude futures gained Rs.22 to Rs.6341 per barrel.
Published by HT Digital Content Services with permission from Capital Market....