Commodity Capsule: Brent crude oil at 10-month high; gold slips; base metals range bound
Commodity Capsule: Crude stocks at the Cushing storage hub, a delivery point for U.S. crude futures, fell by 9,43,000 barrels in the week to just under 22 million barrels, the lowest since July 2022.
Commodity Capsule: December Brent Crude jumped past $95/barrel on Thursday to its highest in over ten months as a steep drop in crude stocks in the United States added to worries about tight global supplies.
US WTI November Crude was witnessed rising above $95 for the first time since August last year.
US crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected.
Crude stocks at the Cushing storage hub, a delivery point for U.S. crude futures, fell by 9,43,000 barrels in the week to just under 22 million barrels, the lowest since July 2022.
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