Global crude oil prices set a decline on Monday with International Brent crude & US WTI crude futures trading 1% down each. In addition, Brent crude plunged one percent. The Crude oil price benchmarks have fallen by about 3% since last week, hitting Read more
Crude Oil prices advanced on Tuesday, extending strong gains from Monday’s trade amid expected OPEC-led supply cuts.
Shares of oil marketing companies (OMCs) such as Bharat Petroleum Corp, (BPCL) Hindustan Petroleum (HPCL) and Oil India Ltd (OIL) were trading on positive territory on Thursday after Brent crude oil fell below the significant level of USD 60 per Read more
In the Multi Commodity Exchange (MCX) Crude oil futures traded lower, tracked by sluggish trend in overseas markets with Brent crude fall below USD 60 per barrel.
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.
Oil prices fell to 7-month lows in the global market amid latest foreign fund inflows. The world’s top-three producers offset supply worries from the start of U.S sanctions coming week against Iran’s petroleum exports.