US crude climbed $1.50, or 2.6 per cent, to end the session at $59.97 a barrel after touching a session high of $60.01, the highest since late-June 2015.
Symbol: CRUDEOIL| Contract: Feb, 2018| Category: Energy
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Firming crude oil prices in the global market may prompt the RBI to hold interest rates at least for some time in 2018.
Macro-economic data points, coupled with the commencement of Parliament's winter session and global cues, especially crude oil prices, are expected to determine the trajectory of the key equity indices this week.
Brent crude futures were up 55 cents at $61.49 per barrel at 5.40pm, having hit a session peak of $61.70 earlier, the highest since July 2015.
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