WTI Crude moves near $62 per barrel in Asia

The WTI Crude oil futures edged up today after testing around two-week low in last session. Oil slipped amid weak US equities but saw good support amid weak US dollar. The US stock market ended lower on Friday following the renewed trade rhetoric. The Dow Jones Industrial Average fell 0.61%, the S&P 500 dropped 0.67%, and the NASDAQ Composite declined 1%. Crude has moved up further in Asia today and currently trades at $61.88 per barrel, up 0.57% on the day. MCX Crude oil futures are trading at Rs 5278 per barrel, up 0.36% on the day after testing lows around Rs 5250 per barrel earlier.

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