Mumbai, May 14 -- Crude oil futures slipped to around $63 per barrel, trimming nearly 3% gains from the previous day after API data revealed a 4.29 million barrel jump in US crude inventories, defying expectations of a draw. Despite the build, prices stayed near two-week highs, supported by falling gasoline and distillate stocks and a weaker US dollar. Geopolitical tensions around Iran and optimism from the US-China tariff relief added bullish undertones. MCX oil traded flat near Rs.5430. Traders are now eyeing President Trump's upcoming Middle East visit amid rising fuel demand.
Published by HT Digital Content Services with permission from Capital Market....