Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST
Signs of delta's continued impact on energy abound.
The Delta coronavirus variant is now the dominant strain worldwide, U.S. officials said on Friday.
RIL's board is scheduled to consider and approve the unaudited financial results for Q1 on Friday.
Futures in New York fell 0.6 per cent toward $71 a barrel after closing at the lowest in a month on Thursday
U.S. crude for August rose 42 cents, or 0.6%, to $72.07 a barrel, on track for a 3.4% decline, its largest weekly drop since April.
Futures in New York traded near $75 a barrel after rising 1.6% on Tuesday
The dent due to rising petrol and diesel prices comes at a time when most households across the country are grappling with higher medical expenses due to the Covid pandemic and rising commodity prices
The IEA said market volatility stoked by the impasse served neither producers nor consumers and that while higher fuel prices could provide an impetus to developing more renewable energy
NEW YORK (Reuters) -Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories.
Any breach below 1,340-1,350 would crash Nickel's prices till 1,300
Domestic production of oil and gas has been lagging
Prices were hiked thrice in February itself and then once on March 1.
Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday.
HDFC Securities has a BUY recommendation on Oil India with a revised price target of Rs 183
Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.
NEW YORK (Reuters) -Oil prices steadied on Thursday, holding close to their highest levels in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.
Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports also helped prices.
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.
Brent crude rose $1.02, or 1.4 per cent, to $75.83 by 8:19 pm IST, having touched its highest since October 2018 at $76.02 after the EIA data