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Commodity Mid Session News

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(20 Jun 2025, 13:35)

Brent drops 2% while WTI holds firm amid Israel-Iran clash

Oil prices showed mixed moves on Friday as markets watched for a US decision on joining Israel’s strikes against Iran — a development that could shake West Asia’s vital crude flows. WTI futures edged up 0.24% to $73.68, while Brent crude dropped over 2% to $76.96 per barrel, highlighting uncertainty in sentiment. On MCX, oil futures slipped 0.67% to Rs 6406 per barrel. Tensions flared further after an Iranian missile reportedly hit an Israeli hospital, prompting Israel to ramp up attacks on Tehran’s key sites. Iran, OPEC’s third-largest producer at 3.3 million barrels daily, warned that any US action would fuel more escalation, keeping traders wary of fresh supply risks.
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