Oil prices extend fall after surprise inventory build

Oil prices extend fall after surprise inventory build

Oil prices fell for a fourth day on Wednesday, extending losses after a surge in US inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve. Brent crude futures were down 6 cents at $60.55 a barrel by 0033 GMT, having fallen by 1.6 per cent on Wednesday.

R K Chugh takes over as IEEMA president

R K Chugh takes over as IEEMA president

R K Chugh has been appointed as president of the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), an ISO certified industry association, for 2019-20. Chugh took over the post during the IEEMA annual convention held earlier this week, it said in a press release.

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