Crude corrects ahead of IEA monthly update

WTI Crude oil futures eased a bit ahead of IEA's Monthly Oil Market Report despite steady cues from global equities. The commodity rose well above $62 per barrel in last session but drifted lower on sustained worries over demand growth amid tariff dynamics. WTI Crude oil futures are currently trading at $61.09 per barrel, down 0.72% on the day. Oil has recovered from a four year low and is trying to stabilize after a break above the critical $60 per barrel mark.

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