WTI Crude breaks above $80 per barrel after recent losses

WTI crude oil futures zoomed higher today as worries over reopening the Strait of Hormuz weighed on the sentiments. Oil broke above $80 per barrel, recovering from a three-week low. The commodity currently quotes at $80.71 per barrel, up around 3% on the day. MCX Crude oil futures also jumped 3.5% at Rs 7619 per barrel. Dow eased marginally but is near record high.

Powered by Commodity Insights