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Latest Articles in crude oil

Sensex Crashes 642 Points As Crude Oil Woes Persist

After nosediving 704 points, the 30-share Sensex ended 642.22 points, or 1.73 per cent, lower at 36,481.09.

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HPCL Chairman Says Petrol, Diesel Prices To Rise If Crude Price Stays High

"Price of product at fuel outlets might be impacted if crude price continues to go up by 10 per cent", said M K Surana, chairman of HPCL on Monday.

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India's Petrol Imports In July Hit Highest In At Least Eight Years

Crude oil imports into the world’s third-largest consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month.

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Oil Slips 1 Per Cent After Fed Disappoints, U.S. Crude Output Rises

Brent crude futures, the international benchmark, fell 62 cents, or 1 per cent, to $64.43 a barrel by 0405 GMT, having fallen more than $ 1 earlier in the session. U.S. West Texas Intermediate (WTI) crude was down 67 cents, or 1.2 per cent, at $ 57.91 a barrel, also having dropped more than a $1 earlier.

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Oil Crawls Up Amid Middle East Tensions; Weak Demand Outlook Caps Gains

Brent crude futures rose 14 cents, or 0.2%, to $63.32 a barrel by 0502 GMT, after dropping 1% overnight - the first fall in four sessions.

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Rupee Rises 14 Paise Against US Dollar In Early Trade

The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar

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Iran Minister Says EU Trade Arrangement Moving Slowly, Talking To India, China

The EU wanted a so-called special purpose vehicle (SPV) to help preserve the economic benefits for Iran deriving from the curbs Tehran placed on its nuclear programme under a 2015 deal with world powers

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Indian State Firms Allowed Private Help With Old Oil, Gas Blocks

India is the world's third-largest oil consumer and buys about 80 per cent of its supplies from abroad. Prime Minister Narendra Modi has set a target to cut India's dependence on foreign oil to 67 per cent by 2022

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IEA Sees Global Oil Supply Tightening More Quickly In 2019

Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace

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Oil Prices Extend Gains On Expected OPEC-Led Supply Cuts

International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel.

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Qatar To Withdraw From OPEC As Of January 2019: Minister

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply

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Global Markets: Asian Shares, Oil Soar On Sino-U.S. Trade Truce

Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan

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Oil Breaks Above $60/BBL, But Doubts About Growth Curb Gains

Prices on Friday hit their lowest since October 2017 amid intensifying fears of a supply glut. Brent sank to $58.41 a barrel, while WTI fell to $50.15 a barrel

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Rupee Hits Near 12-Week High; Traders Say RBI Not Seen In Market

The rupee strengthened past the psychological 71-to-the-dollar mark, climbing to as much as 70.9175, the highest since Sept. 3 and compared to its previous close of 71.46 on Tuesday

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Rupee Jumps 36 Paise Against US Dollar On Crude Cool-Off

The recovery in rupee was also supported by dollar-selling by exporters and banks, foreign fund inflows and the greenback's weakness against some currencies overseas, traders said

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