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Commodity Post Session News

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(23 Apr 2025, 18:19)

Crude corrects ahead of US inventories

WTI Crude oil futures eased today, sliding after hitting near three-week high as markets eyed the upcoming US weekly crude oil inventories data from the EIA. Equities remained steady though. In Asia, China's Shanghai Composite index ended flat but overall sentiments were supported on reports that there could be some de-escalation in US-China trade tensions. Hong Kong's Hang Seng index jumped 2.40% while Japan’s Nikkei index soared 1.89%. European stocks surged with German DAX leading the charge. It spiked 3% while French and UK indices rallied around 2% each. The US stocks spiked yesterday with DOW adding 1.70%. Dow and the Nasdaq closed higher for the first time in five days. WTI Crude oil futures are down around 1% at $63 per barrel right now. On the MCX, Crude oil futures fell from a high of Rs 5566 per barrel and currently trade at Rs 5416 per barrel, down 0.66% on the day.
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