Crude was reasonably high at the start of this week after it lost ground in sharp losses in trade last week which saw Brent crude losing over USD 16 last week. Positive employment data from the US also gave a leg up to global oil prices.
At 08:38 GMT Brent crude for June was up by USD 3.07 to USD 112.20/bbl. US crude rose by USD 2.57/bbl to USD 99.75/bbl, after hitting an intraday high of USD 99.99/bbl. Juerg Kiener the MD & CIO of Swiss Asia Capital, in an interview on CNBC-TV18 gave his readings of how he sees crude playing out.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
