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Pre Session Commentary
Energy Preview: WTI Crude Hovers Around $58 In Asia
22-Jan-20   09:23 Hrs IST

WTI Crude oil futures eased as highs around five week pushed up the counter lower. The commodity edged up yesterday as Libya declared force majeure on two major oilfields following a military blockade. However, the commodity failed to sustain above $59 per barrel amid tepid movement in global equities and currently trade at $58.13 per barrel, down 0.43% on the day. MCX Crude oil futures ended at Rs 4186 per barrel, almost unchanged on the day as weakness in Indian Rupee capped the losses. Indian Rupee slipped to around one week low as local stocks stayed under selling pressure. The INR closed at 71.21 per US dollar, 10 paise on the day.

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