News Snapshot:
Crude oil prices were steady after a sharp selloff on July 19 over concerns of lower demand due to rising cases of coronavirus Delta variant and OPEC+ agreement to boost supply in coming months. The prices were pressured by a stronger dollar, selloff in equity markets and increased US-China tensions. Crude prices have tumbled Rs 717 or 12.59 percent from the high of Rs 5,695/barrel it reached on July 5. The energy commodity turned negative after a flat to gap-down start tracking the subdued global cues. On the MCX, crude oil delivery for August slipped Rs 12, or 0.24 percent,...
