Mumbai, Sept. 16 -- WTI crude oil slipped below $63 per barrel, taking a pause after recent gains amid heightened supply concerns. Ukraine's attack on Russia's Kirishi refinery and Israel's ground offensive in Gaza added fresh geopolitical risks. Meanwhile, MCX September crude traded lower at Rs.5584 per barrel. The dollar index weakened below 97 as markets priced in an imminent 25bps Fed rate cut, supported by cooling labor data and subdued inflation. Investors now await key US data releases, including retail sales and housing indicators, for further market direction.
Published by HT Digital Content Services with permission from Capital Market....