West Texas Intermediate (WTI) "has not traded on fundamentals for many years because of the glut situation, and now WTI is going to start trading closer to fundamentals," he added. "But that said, demand is still being trumped by supply."
In an interview with CNBC TV-18 Kishore Narne, vice president at Anand Rathi Commodities gave his reading on the curreny markets.
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