Energy Preview: WTI crude oil futures climb above $63 per barrel mark

WTI crude oil futures rose above $63 per barrel amid rising Middle East tensions. Israel reportedly launched a strike on Doha, Qatar, targeting the senior leadership of Hamas. Qatar said the attack by Israel violated international law and threatens to widen the conflict in the Middle East, boosting oil prices. Meanwhile, as per media reports, Trump has urged the European Union (EU) to impose 100% tariffs on Chinese and Indian goods in an effort to pressure Russian President Vladimir Putin. Global geopolitical concerns alongside dollar weakness is keeping the counter supported at $63.14 per barrel, up 0.81% on the day.

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