Fall in the global crude oil prices eased the concerns over the macroeconomic situation, helping the benchmark S&P BSE Sensex to broke its 4-session of losing string and flared up by a whopping 338 points to log its one-week closing high of 25,368.90.
Oil prices extended losses in Asia on Tuesday on fading fears that the fast-moving crisis in crude producer Iraq could result in a major supply disruption. US benchmark West Texas Intermediate (WTI) was down 47 cents at $105.70 while Brent crude eased 19 cents to $113.93 in mid-morning trade.