Oil jumps 13% in July; here’s a snapshot of how other assets performed
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Under Lens
Oil logged its biggest monthly gain in more than a year on signs the market is tightening, with estimates that crude demand is running at a record clip just as OPEC+ cuts back production. Take a look at how other assets performed in July. (Source: ToI)
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Oil
Oil topped other assets as the commodity surged 13% to $85.3/barrel compared to $75.7/barrel on June 30.
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Cryptocurrency
Bitcoin dropped 3% to 29,001 as compared to 30,477 a month ago.
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Indian Equity market
Sensex gained 3% to 66,459 against the dollar from the 64,719 level on July 30.
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US stocks
S&P 500 also climbed 3% to 4,589 as compared to 4,450 level on July 30.
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Gold
The yellow metal jumped to 3% Rs 59,400/ 10 grams as against Rs 57,900/ 10 grams a month ago.
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Rupee
Rupee hardly moved as the currency dropped marginally to 82.26 against the dollar from 82.04 a month ago.
