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.
Gets 1 Observation For Karkhadi Unit From USFDA
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AU SMALL FINANCE
Temasek Arm to invest rs 1,000 cr in Bank Share, Warrant
INDIABULLS REAL ESTATE
Approves proposal of Buyback of up to 2.6 Cr Equity Shrs
Buyback Size 5.45% of existing paid-up share capital
Maximum Buyback Price proposed at Rs 240/Sh