WTI crude holds above $62 as Iran talks watched closely

WTI crude oil futures steadied above $62 per barrel in early Wednesday trade after sliding nearly 2% in the previous session, as markets weighed developments in US?Iran talks while remaining cautious about the likelihood of a final deal that could ease supply risks. Attention now turns to weekly inventory data from the American Petroleum Institute later today and the Energy Information Administration on Thursday for fresh cues on demand and supply dynamics. In domestic markets, MCX crude oil futures for March delivery edged up 0.5% to ₹5,669 per barrel.

Powered by Commodity Insights