WTI crude oil futures are holding to their gains after testing around two month low. Market is focusing on Chinese demand trends and supportive cues from equities are also boosting sentiments. Chinese imports of crude oil rose by 5.45% in April compared to the same month last year, China?s official statistics showed on Thursday. Meanwhile, major equity indices rose today after an upbeat day on Wall Street. In the US, the Dow on Thursday extended its winning streak to seven days as all major indexes rose on jobless claims data hinting at a possible shift in Federal Reserve policy. This worked in favor of crude oil and WTI Crude oil futures are currently quoting at 79.76 per barrel, up 0.63% on the day. MCX Crude oil futures are trading at Rs 6662 per barrel, up 0.86% on the day after testing a high of Rs 6678 per barrel.
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