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Commodity

Commodity Analysis

Mid Session Commentary

 
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WTI Crude Spikes Around 1%, Inventories In Focus
(23-Apr-2024, 14:21 Hours IST)  
WTI Crude oil futures are holding above $82 per barrel as bargain buying stayed in place following the recent spate of losses to a four week low amid easing tensions about a wider fall out between Iran and Israel. Investors keenly await weekly US crude inventories data for further cues. WTI Crude oil futures are currently trading at $82.67 per barrel, up 1% on the day. Risk sentiment remains supportive, benefitting oil and the US dollar index has also eased under 106 mark now. European stocks advanced today with decent gains for major indices. Wall Street stocks ended higher on Monday following a market sell-off in previous sessions.

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