Crude oil futures slip 1.5%, WTI trades below $38 a barrel
Crude oil futures eased to Rs 2,893 per barrel on June 17 as participants increased their short positions.The American Petroleum Institute (API) reported that US crude inventories rose 3.85 million barrels for the week ended June 12 against expectations of a decline of 0.15 million barrels. The market is likely to take further cue from…