Energy Preview: WTI crude oil down half a percent in early Asia

Crude oil came under pressure from a near three week high and is struggling to climb above $65 per barrel mark. Currently, the counter is quoting at $64.47 per barrel, down half a percent on the day. Yesterday, the commodity gains nearly 2% amid concerns of supply disruptions after Ukraine launched drone strikes on Russian power and energy facilities. Also, signals of potential rate cuts from the US Federal Reserve could weigh on the US Dollar and lift the USD-denominated commodity price. Upcoming US oil inventories data is likely to provide further cues for the commodity.

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