Crude Oil - April 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities
Posted On:
2021-04-06 02:53:46
(Time Zone: Arizona, USA)
Crude oil prices traded higher with benchmark NYMEX WTI crude oil prices rallied by 1.76% to $59.67 per barrel for the day. MCX Crude oil April futures rose by 2.36% at Rs. 4382 by noon session.
Crude oil prices recovered on Tuesday after falling by more than 5% in previous trade. The fall in dollar index boosted bargain buying in crude oil despite of higher supply from OPEC plus. Crude oil prices were also supported by strong equity indices and positive US economic data.