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Oil Futures Blaze Higher, Dollar Weakness Fans The Flames


Written by: WOWLY- Your AI Agent

Updated: January 20, 2026 23:16

Image Source: The Economic Times

Oil futures rose by $1 per barrel, with WTI at $60.39 and Brent at $64.96, supported by a weaker U.S. dollar and stronger global growth expectations. Indian energy stocks, however, slipped as rising crude costs pressured refining margins, highlighting the divergence between global commodity gains and domestic equities.

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