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Commodity Analysis

End Session Commentary

 
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Crude tanks more than 2%, MCX futures test lows near Rs 5300 per barrel
(21-Apr-2025, 17:59 Hours IST)  
WTI Crude oil futures eased sharply today as markets eyed weak cues from equities and concerns over global economic growth stayed in place. The counter currently trades at $62.54 per barrel, down 2.30% on the day. In equities, Asian stocks were mixed in thin holiday trading on Monday, with markets in Hong Kong, Australia and New Zealand shut due to the Easter holiday. European stocks fell today. German DAX index dropped half a percent. The US stocks stayed slippery in last session. The Dow dropped 1.3%. WTI Crude oil had hit a two-week high near $65 per barrel on Friday but seems to be giving up bulk of these gains now. WTI Crude oil futures have tanked 2.50% to trade at Rs 5341 per barrel right now after testing near Rs 5300 mark in intraday moves.

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