Crude oil prices rose 0.76 per cent to Rs 3,844 per barrel in futures trade Friday as speculators raised their exposure on firm global clues. On the Multi Commodity Exchange, crude for July contracts went up by Rs 29, or 0.76 per cent, to Rs 3,844 per barrel in a business turnover of 14,542 lots.
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.
In a bid to reduce travel time, the Indian Railways, under its 100-day action plan, envisages reducing the travel time on the Delhi-Mumbai and Delhi-Howrah routes at an investment of over Rs 13,500 crore, officials said.
Lower prices of key transportation fuels along with manufactured items eased India”s annual rate of inflation based on wholesale prices to 2.02 per cent in June from 2.45 per cent in May, official data showed on Monday.
Crude oil prices rose 1.54 per cent to Rs 4,028 per barrel in futures trade Wednesday as speculators raised their exposure on firm global cues. On the Multi Commodity Exchange, crude for July delivery went up by Rs 61, or 1.54 per cent, to Rs 4,028 per barrel in a business turnover of 19,688 lots.
Crude oil futures fell 0.88 per cent to Rs 3,943 per barrel Tuesday in line with weak trends in overseas markets. Crude oil contracts for July delivery traded lower by Rs 35, or 0.88 per cent, at Rs 3,943 per barrel with a business volume of 21,587 lots on Multi Commodity Exchange (MCX).
Oil Minister Dharmendra Pradhan Monday said there is no proposal, at present, for the merger of state-owned oil and gas entities under consideration of his ministry.
Crude oil prices rose 0.79 per cent to Rs 3,964 per barrel in futures trade Monday as speculators raised their exposure amid positive trend in global markets.
OPEC and its oil-producing allies shifted Monday towards extending their daily output caps, sending oil prices racing higher before the outcome of the cartel”s official gathering.
State-owned Oil and Natural Gas Corp (ONGC) has discovered over 230 million tonnes of in-place oil reserves in the last three years, Petroleum Minister Dharmendra Pradhan said Monday. In a written reply to a question in the Lok Sabha, he said India”s top oil and gas producer ONGC as on April 1