Energy Preview: WTI crude oil futures hold around $63 per barrel mark

WTI crude oil futures extended slide on Monday marooning in Asia after easing from multi-month on easing concerns on geopolitical. Reports state that indirect talks between the US and Iran on the future of the latter's nuclear program ended on Friday with a broad agreement to maintain a diplomatic path. Meanwhile, the US announced new sanctions targeting Iran?s oil and petrochemical trade, hours after indirect talks, keeping a lid on the optimism and limiting the downside for the black liquid. Currently, the counter is down 0.83% at $63 per barrel. Last week, the commodity ended down 2.62% at $63.50 per barrel. MCX Crude oil futures edged near Rs 5500 per barrel before witnessing a recovery and moved above Rs 5800 per barrel mark.

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