Over the previous eight sessions, Brent had lost about $7 a barrel, almost 20 per cent
As the oil moneybags get lighter, it will be increasingly difficult for Saudi Arabia and other Gulf states to continue to support incendiary radicals. And over time, there will be greater integration of Muslim life and culture into the "mainstream".
While OPEC has been unable to agree on an output freeze in an effort to support prices, Iraq was the latest Middle East producer to raise its exports quota
EIA expects the price of West Texas Intermediate crude oil to average about $100 per barrel in 2012.
A painstaking effort is on to bring the one-horned rhino back to Assam's Manas National Park, the place it once inhabited
Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities.
Expects exemption of oil and gas profits from minimum alternate tax and all cess in the nature of excise duty are to be subsumed in GST.
No change in retail prices as oil marketing firms to absorb increase
Where do the commodities market go in the new year? Sonali Ranade offers an insight.
Oil prices have already fallen over 70 per cent since the downturn began in mid-2014.
The tribunal has been convened in various cities around the world during the last two years, including New York, London, Berlin, Rome, Brussels and Tokyo.
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia's production as it cut 5.7 million barrels per day or over 5 per cent of the world's supply.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.
The rupee on Friday closed 10 paise higher at 65 against the US dollar on fresh selling of greenback by banks.
Increased demand for the American unit from importers weighed on the rupee
The rupee on Friday snapped its two-day gaining streak against the US dollar.
Once the US dollar launches into its final bull leg from the 79 region towards 84, the appreciating currency should put a lot of pressure on commodities that will perhaps trigger the capitulation that the market needs in commodities liker gold, silver and WTI crude, says Sonali Ranade.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
The rupee had dropped by 18 paise to end at 66.40
The rupee had lost 27 paise to close at more than 5-week low.
oil market remained under pressure and big gains are unlikely.
Traders have all but given up attempting to predict where the new-year rout will end
While the flood waters receded in Bongaigaon and Sivsagar districts of Assam, fresh inundation occurred at a dozen villages in Nagaon even as four districts continued to reel under the impact of floods on Sunday.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.
Oil edged up on Tuesday, steadying after a 5 per cent plunge in the previous session that saw prices touch fresh 5-1/2-year lows in an oversupplied market.
Both crude benchmarks are now down around 20 per cent since their last peak in June
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
The rupee had jumped by 164 paise or 2.39 per cent in previous six trading days.
'China's economy continues to slow and the US Fed may still hike rates before the end of the year.'
The spurt in rates, caused by the rally in international oil prices, has led to the oil ministry asking the finance ministry for a cut in excise duty in the Union Budget 2018-19, to be presented in Parliament next week.
US crude was down 25 cents at $52.08.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
Oil & gas, banking and pharma sector stocks stole the show
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
