WTI crude lower but holds above $90 mark, US retail fuel demand in focus

WTI crude oil futures turned lower but held above $90 per barrel today as US-Iran war stayed in focus. The US retail fuel prices surged ahead of Labor Day weekend, with diesel hitting a record $5.85 a gallon as demand is expected to be robust over the holiday weekend. MCX crude futures also edged up from lows around Rs 8400 per barrel and currently trade at Rs 8553 per barrel, down around 1% on the day.

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