Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
US Dollar (USD) is likely to trade with a downward bias, but any decline is unlikely to break below 7.1100. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
1inch (1INCH) price trades in green on Tuesday for a third consecutive day, above $0.258 at the time of writing, after breaking out from a symmetrical triangle pattern, in a technical setup that points to double-digit gains.