NNPC supply 10 percent crude oil to India

NNPC supply 10 percent crude oil to India

Despite competing demands for its crude oil from other countries, the Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to sustaining the supply of 10 percent of India’s crude oil demand.

Crude oil futures fall on global cues

Crude oil futures fall on global cues

Crude oil futures fell 0.2 per cent to Rs 3,908 per barrel Thursday after participants reduced positions amid a weak trend in global markets. On the Multi Commodity Exchange, crude oil for delivery in July contracts shed Rs 8, or 0.2 per cent, to Rs 3,908 per barrel with a business volume of 19,992 lots.

Oil prices gain, US crude little changed after inventory data

Oil prices gain, US crude little changed after inventory data

Oil prices rose on Wednesday after steep falls in the previous session, although US crude trailed gains for international benchmark Brent after US crude inventories fell less than expected. West Texas Intermediate crude futures were up 6 cents at $57.68 by 0327 GMT, having fallen 3.3 per cent on Tuesday.

Crude oil futures up 0.8 pc on global cues

Crude oil futures up 0.8 pc on global cues

Crude oil prices rose 0.8 per cent to Rs 4,149 per barrel in futures trade Thursday as speculators raised their exposure on positive global cues. On the Multi Commodity Exchange, crude for July delivery went up by Rs 33, or 0.8 per cent, to Rs 4,149 per barrel in a business turnover of 23,033 lots.

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