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Commodity News Details
Crude bounces around 1% as supportive equities boost sentiments
23-Jan-2026 14:21
WTI Crude oil futures cut losses and edged up impressively amid supportive cues from equities and positive US economic growth numbers. The US equities rose on Thursday, adding to the strong gains posted during Wednesday's session. The US economy grew by slightly more than previously estimated in the third quarter of 2025, according to a report released by the Commerce Department on Thursday. The real gross domestic product spiked by 4.4% in the third quarter compared to the previously reported 4.3% gain. Oil ended last session in loss, shedding around 2% as the US Crude inventories increased by 3.6 million barrels during the week ending January 21. However, losses were capped and the counter neared $60 per barrel mark today. It currently quotes at $59.98 per barrel, up around 1% on the day. MCX Crude oil futures are trading at Rs 5535 per barrel, down 1.75%.

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