Energy Preview: Crude Off Two Month Top

WTI Crude stayed slipper after hitting two month highs as profit selling emerged. The commodity trades down marginally at $ 53.63 per barrel after paring around 1% yesterday. Prices are hovering near their lowest in a week as investors focus on concerns about global energy demand against the production disruption in Venezuela. MCX Crude ended at Rs 3845 per barrel yesterday and should ease in early moves on these cues. Indian Rupee would also be a major factor. Crude earlier soared to two-month highs, bolstered by OPEC-led supply cuts and US sanctions against Venezuelas petroleum industry.