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Petrol, diesel prices today: Fuel rates hit fresh all-time high; petrol near Rs 110/litre in Mumbai
oil

Oil rises on big decline in U.S. crude stocks

By Administrator_India Capital Sands Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 1.1%, to $71.24 a barrel at 0131 …

Oil slips ahead of US jobs report
oil

Oil slips ahead of US jobs report

By Administrator_India Capital Sands Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in U.S. crude stocks and were headed for small gains on the week ahead of a highly anticipated U.S. monthly jobs report. U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or …

Petrol, diesel prices today: Fuel rates hit fresh all-time high; petrol near Rs 110/litre in Mumbai
oil

Oil Down, Investors Still Await Outcome of OPEC+ Output Dispute

By Administrator_India Capital Sands Oil was down, but little changed, Monday morning in Asia. Supplies remained tight as key producers continue to disagree on whether to increase output from August onwards. Brent oil futures rose edged down 0.11% to $75.47 by 10:05 PM ET (2:05 AM GMT) and WTI futures inched down 0.03% to $74.54. A dispute within the Organization …

oil

Oil Down, Ahead of Thursday’s OPEC+ Meeting

By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, with all eyes on Thursday’s Organization of the Petroleum Exporting Countries and allies, or OPEC+, meeting to discuss output. Brent oil futures were down 0.63% to $62.88 by 9:55 PM ET (1:55 AM GMT). WTI Futures fell 1.30% to $59.85, slipping just below the $60 mark. The …

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil
oil

Oil rises on US inventory draw, Brexit deal hopes

By Administrator_India Capital Sands Oil extended gains on Thursday as a drawdown in U.S. stockpiles of crude and gasoline lifted demand hopes, while investors also cheered a potential Brexit trade deal. U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.4%, to $48.30 a barrel by 0124 GMT, while Brent crude futures climbed …