US oil rose above $70 a barrel for the first time since Nov 2014, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies.
Oil prices held steady after shedding earlier gains, as market jitters kicked in over the prospect of geopolitical risks from possible new U.S. sanctions against Iran.
Crude oil rose 0.60 per cent to Rs 4,514 per barrel in futures market today as speculators created fresh bets, taking positive cues from overseas markets.
Oil prices edged lower, but Brent largely held its gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply.
Crude oil prices went up by 0.83% to Rs 4,603 per barrel in futures market today as speculators built up fresh positions, taking positive cues from overseas markets.
Crude oil futures fell by 0.77 per cent to Rs 4,367 per barrel today as speculators reduced positions amid a weakening trend overseas.
Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market today as speculators created fresh bets, taking positive cues from overseas markets.
Oil prices fell, with Brent dropping back below $70 per barrel and US WTI crudes dipping below $65, pulled down by a report of increasing US crude inventories.
Oil prices fell for a second day as rising U.S. output and a strengthening dollar sapped demand for crude, pushing Brent below $70 a barrel.
Prices have been driven up by oil production curbs in OPEC nations and Russia, and demand amid healthy economic growth.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr