U.S. West Texas Intermediate (WTI) crude CLc1 futures jumped $1.10, or 1.8%, to $62.60 a barrel
Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST - the lowest since June 26 at $1,755.45
Oil demand was seen growing by 5-7 million barrels per day in 2021
Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel
Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation
Pradhan on Thursday said petroleum products in the country are getting costlier due to rising prices of crude by oil-producing nations
Barclays cited weaker than expected supply response from US producers to higher prices
OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle
NEW YORK (Reuters) - Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week.
IEA projection of rising demand for oil adds to New Delhi's worry
NEW YORK (Reuters) - Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery and return of Texas oil production kept gains in check.
With the Centre increasing reliance on tax revenue from oil, the inclusion of petrol and diesel under GST can be problematic
Morgan Stanley expects Brent crude prices to climb to $70 per barrel in the third quarter
Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents
Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India
The Nifty PSU bank index ended as the top laggard on the NSE, down 4.7 per cent, after surging nearly 6 per cent each over the past two days
In Bangalore, petrol and diesel prices surged by 32 paise and 35 paise respectively to Rs 93.21 and Rs 85.44
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates
Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator
NEW YORK (Reuters) - Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas.