India, July 1 -- Crude oil rose modestly on Tuesday as attention shifts to the OPEC+ cartel's supposed plans to increase output even as the Middle East remains uneventful.
WTI Crude Oil traded at $65.40 per barrel, up by $0.29 (or 0.45%) today.
In the Middle East, the ceasefire between warring Israel and Iran continues to hold. Oil price which surged during the 12-day war that started after Israel attacked Iran on June12 corrected post the ceasefire.
Today, the US Senate passed Trump's mega bill which now goes to the House of Representatives to be debated. Investors are concerned that if this bill becomes a law, it will add $3.3 trillion to the already-ballooning US federal debt, impacting the US Dollar and consequently dollar-denominate...