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WTI Crude oil futures soared to a five week high near $50 on 15 September as a sharp rebound continued amid good buying support as calls of strong global oil demand boosted sentiments. WTI Crude oil futures have been rallying after the US gasoline inventories fell the most on record as refineries continued to be hampered by damage from Hurricane Harvey, according to the Energy Information Administration (EIA). The commodity currently quotes at $49.74 per barrel, down around 0.30% on the day. MCX Crude oil futures gained by 1.68% to end at Rs 3215 per barrel after hitting highs above Rs 3140 per barrel mark.
WTI Crude oil futures soared to a five week high near $50 on 15 September as a sharp rebound continued amid good buying support as calls of strong global oil demand boosted sentiments. WTI Crude oil futures have been rallying after the US gasoline inventories fell the most on record as refineries continued to be hampered by damage from Hurricane Harvey, according to the Energy Information Administration (EIA). The commodity currently quotes at $49.74 per barrel, down around 0.30% on the day. MCX Crude oil futures gained by 1.68% to end at Rs 3215 per barrel after hitting highs above Rs 3140 per barrel mark.
WTI Crude oil futures soared to a five week high near $50 on 15 September as a sharp rebound continued amid good buying support as calls of strong global oil demand boosted sentiments. WTI Crude oil futures have been rallying after the US gasoline inventories fell the most on record as refineries continued to be hampered by damage from Hurricane Harvey, according to the Energy Information Administration (EIA). The commodity currently quotes at $49.74 per barrel, down around 0.30% on the day. MCX Crude oil futures gained by 1.68% to end at Rs 3215 per barrel after hitting highs above Rs 3140 per barrel mark.