Crude oil lower on profit taking

Crude oil is lower on profit-taking following inability to break above the 100-day moving average decisively at $61.70.

Traders say the 23.7% rise in WTI Nymex crude oil prices since hitting $49.90 low in mid-January is now prompting profit-taking ahead of Wednesday's weekly US DoE oil inventory data.

WTI Nymex crude oil is at $60.28, down $1.11.

Precious Metals are also in Profit taking scene today.