Energy Preview: WTI futures slide in Asia, sentiments remain volatile

Crude oil moved higher on Monday amid persistent Middle East supply risks. Prices had slipped earlier on prospects for increased Russian diesel supplies and a potential Russia-Ukraine energy ceasefire. However, lows around $90 per barrel capped losses for WTI futures and the commodity eventually ended up more than 2% on the day. Prices slipped in Asia today though as a volatile movment continued ahead of monthly updates from IEA and OPEC. WTI oil is down 1.5% at $92.50 a barrel. MCX crude oil futures closed up marginally at Rs 8983 per barrel as strength in Indian Rupee capped upside..

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