Live: Crude oil prices slip 4% overnight, trading near a 6-month low | Commodities Corner


A superb stability struck between the Middle East battle, considerations about international demand and rising provide from producing nations has helped crude oil on a slippery floor with a marginal turnaround. Oil costs edged up on January 9, partially recovering from the decline within the earlier session. Brent crude futures elevated by 18 cents, reaching $76.30 a barrel, representing a 0.2 p.c rise, whereas the US West Texas Intermediate (WTI) crude futures noticed a gained 0.1 p.c, or 6 cents, to $70.83 a barrel. The two crude oil benchmarks misplaced greater than 3 and 4 p.c on January 8 following important worth cuts by prime oil exporter Saudi Arabia, and a rise in output by the Organization of Petroleum Exporting Countries (OPEC). Catch Manisha Gupta in dialog with Ajay Kedia, MD, Kedia Advisory with extra particulars.