NEW YORK: Global stocks slumped and crude oil fell on weekend after reports showed US consumers cut spending in September while sentiment turned lower this month, fanning scepticism about an economic recovery.The US dollar rebounded after steep losses on Thursday, when data that showed the US economy grew in the third quarter fuelled a global stock rally that helped gains on Friday in Asia.But Friday’s...
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Shares of three state run oil marketing companies fell 0.63% to 1.36% at 14:49 IST on BSE after crude oil gained for a third day today, 18 November 2009 as an industry report showed US stockpiles declined after a hurricane in the Gulf of Mexico.Indian Oil Corporation (IOC) (down 1.36% to Rs 294.80), Hindustan Petroleum Corporation (HPCL) (down 1.83% to Rs 340.15) and Bharat Petroleum Corporation (BPCL)...
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World oil prices fell slightly todayas the dollar strengthened and after recent strong gains forcrude partly spurred by hopes of improved energy demand,analysts said.New York's main contract, light sweet crude for Decemberdelivery eased two cents to USD 78.88 a barrel.Brent North Sea crude for January delivery dipped 12cents to USD 78.64 a barrel in London trading."The oil price remains glued to movements...
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World oil prices retreated today,one day after spiking above USD 80 on news of falling Americanenergy inventories, as traders banked profits and eyed theweakening US currency.New York's main contract, light sweet crude for Decemberdelivery, fell USD 1.83 to USD 77.75 a barrel.Brent North Sea crude for January delivery also droppedUSD 1.63 to USD 77.84 a barrel.Crude reserves in the United States --...
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Oil prices fell below $79 a barrel Wednesday in Asia as investors mulled rising U.S. oil inventories and a weaker dollar.Benchmark crude for December delivery down 14 cents to $78.91 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 38 cents to settle at $79.05 on Tuesday.U.S. oil inventories rose last week, the American Petroleum Institute...
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Crude oil futures prices fell by 0.53 per cent today as traders indulged in reducing their positions in tandem with a weakening global trend. Crude oil for the current November contract fell by 0.53 per cent to Rs 3,583 per barrel, with a business turnover in 4,655 lots at the multi-commodity exchange (MCX). The oil for delivery in December contract also declined by 0.47 per cent to Rs 3,623 per barrel...
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Oil prices fell below USD 79 abarrel today amid signs that US crude demand remains weak andas the dollar strengthened, making commodities like oil moreexpensive for international investors.By early afternoon in Europe, benchmark crude forDecember delivery was down 74 cents to USD 78.54 a barrel inelectronic trading on the New York Mercantile Exchange. Thecontract added 23 cents to settle at USD 79.28...
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Oil prices fell slightly to near $79 a barrel today in Asia despite an unexpected drop in US crude supplies which suggested demand may be picking up.Benchmark crude for December delivery was down 20 cents to $79.40 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained $1.47 to settle at $79.60 yesterday.US oil inventories dropped last week,...
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Oil marketing company Hindustan Petroleum Corporation (HPCL)'s net loss has narrowed to Rs 136.68 crore in the September quarter of financial year 2010 due to lower crude oil prices which resulted in better margins for the company.The company has posted a net loss of Rs 3,218.9 crore in the corresponding quarter of previous financial year.Its total income fell by 31 per cent at Rs 24,780.1 crore for...
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justify;">Oil prices fell to near $79 a barrel Wednesday in Asia amid mixed signals about the strength of the US economic recovery.
Benchmark crude for December delivery was down 30 cents to $79.25 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 87 cents to settle at $79.55 on Tuesday.
Oil has retreated from a one-year...
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