Crude oil prices to remain-range bound at $56-$60, no sell-off likely in near-term | Commodity News - Business Standard

Supply glut fear weigh on crude prices Global crude oil prices recovered sharply from 10 per cent from the recent lows of $54.67 to notch up level of $60 on Wednesday as market feared the contraction in US crude oil output if WTI prices sus https://www.business-standard.com/markets/news/crude-oil-to-remain-range-bound-at-56-60-no-sell-off-likely-in-near-term-125050800445_1.html