News Snapshot:
Crude oil futures traded lower on the global markets on Friday as fresh Covid-induced lockdowns were imposed in parts of China. The development comes at a time when the US market is witnessing a revival in the demand for fuel. The US and China are the major consumers of crude oil in the global markets. At 10.04 am on Friday, August Brent oil futures were at $122.30, down by 1.03 per cent, and July crude oil futures on WTI were at $120.83, down by 0.56 per cent. June crude oil futures were trading at ₹9,380 on Multi Commodity Exchange (MCX)...
