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Commodity News Details
MCX Crude trades just above Rs 5200 per barrel amid firm global cues
29-Dec-2025 14:31
WTI Crude oil futures are witnessing sustained gains, staying near two-week high above $58 per barrel amid positive cues from equities. The US stocks hovered around record high amidst sustained uptick in technology stocks. The US actions against Venezuelan tankers spark fresh supply fears for oil and new worries are emerging now after the US attacks on Nigeria. Falling rig count is also supporting sentiments after oil prices tested near four-year low. US demand outlook also remains steady. A report released by the Commerce Department showed the US economy grew steadily in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3% in the third quarter after surging by 3.8% in the second quarter. The stronger GDP growth in the third quarter reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment. MCX Crude oil futures are trading at Rs 5209 per barrel, up half a percent on the day.

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