Crude is quoting mixed today after a sharp rally in last session. WTI Crude oil futures soared yesterday. The counter broke above $60 per barrel and closed around $62 per barrel, gaining more than 5% as renewed sanctions on Russian oil companies boosted supply concerns. The counter hit two-week high following this and currently trades flat at $61.80 per barrel. The equities are holding up globally and oil is looking to sustain its 8% weekly spike. The commodity has come off its five-month low quite convincingly now though prices are still down around 1% for the current month. MCX Crude oil futures are trading at Rs 5435 per barrel, down 0.04% on the day.

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