Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts to erode an existing global surplus.
Brent crude futures rose 29 cents to $55.43 a barrel by 0800 GMT, while US West Texas Intermediate (WTI) crude futures were up 42 cents at $49.90 a barrel.
The oil price is on course for a rise of 15.5 percent this quarter, which would make this year`s performance the strongest for the third quarter since 2004. Read More…
Latest posts by admin (see all)
- EESL Plans To Float Its Second Tender In A Year For 10,000 Electric Vehicles In April - February 21, 2018
- IndRa Has Stable Outlook On Wind,solar For FY19;-ve On Thermal - February 19, 2018
- Railway Minister Goyal Meets Officials In Delhi - February 18, 2018