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Commodity News Details
WTI crude tops $66.5 per barrel on trade optimism, MCX oil futures up 1.5%
25-Jul-2025 13:28
WTI crude futures neared $67 per barrel in Asia's electronic trades on Friday, marking a second session of gains as upbeat sentiment over US trade deals lifted demand outlook. MCX August energy futures climbed over 1.5% to ₹5765 per barrel, surpassing international benchmarks. Reports of the US and EU nearing a 15% tariff agreement, alongside potential trade pacts with India, Mexico, and Brazil, boosted hopes for global economic growth and stronger oil demand. A sharp decline in the US dollar, with the dollar index near 97 and heading for a steep weekly loss, further supported prices as traders awaited next week's Federal Reserve policy meeting. 

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