Brent Crude oil falls, Aviation, OMC stocks gain

Hindustan Petroleum Corp (HPCL) was quoting at Rs 247.15, up 1.60 percent, Bharat Petroleum Corp (BPCL) was quoting at Rs 331.20, up 2.57 percent.

Aviation stocks slump as Brent crude jumps over 1.5pc

Crude Oil prices rebounded from low levels after Saudi Arabia announced that it will curb oil exports by 5,00,000 barrels per day from December. Reacting the news, aviation stocks such as Jet Airways, SpiceJet and InterGlobe Aviation fell to a certain extent. Read more

Oil prices climb: Traders wary of building up positions in crude futures

With growing global oil production and the market turning towards a situation where supply may well overrun demand, traders are cautious of building up positions in crude futures.

Crude Oil impact on Trump’s re-imposition of economic sanctions on Iran

US President Donald Trumps’ sanctions on Iran will kick-in from November 5 and it is probable that crude oil which has moved away to lower levels will trade higher once again at levels of USD 85 per barrel.