| 24 Jun 2024 14:03 | | Oil Edges Higher Amid Dollar Softness and Geopolitical Tensions | | | Crude oil futures rose slightly in Asia's electronic trades today, supported by a weaker US dollar. This follows two weeks of gains, despite a dip on Friday due to strong US business activity data raising concerns about prolonged high interest rates. The market remains buoyed by geopolitical tensions, with Israeli advances in Gaza and Ukrainian drone attacks on Russian refineries disrupting supply. Additionally, data indicates declining US crude inventories amid rising energy consumption. MCX Crude oil futures for July delivery increased by Rs 10 to Rs 6756 per barrel. | | Powered by Capital Market - Live News |
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