Latest Updates on Crude Oil: Crude Oil prices slipped on Tuesday, from the five-month high recorded earlier, as economic worries counter tight market.
Brent futures touched their strongest mark since last November at USD71.34/pb on Tuesday, before losing ground to USD70.96 per barrel, down 0.2% from their last close.
US WTI crude oil futures also hit a Nov-2018 high,
at USD64.77 per barrel, before easing to USD64.36.
non-commercial futures contracts of WTI Crude Oil futures, reportedly traded by large speculators and hedge funds,
totaled a net position of 4,81,361 contracts, recording a weekly gain of 32742