On Wednesday, In the world’s largest economy, Oil prices knock down lower USD 75 a barrel after a report showed U.S. crude supplies enlarged last week, renewing concerns about demand for fuel.
On the New York Mercantile Exchange, by in the early hour’s afternoon in Europe, benchmark crude for September delivery was down 97 cents at USD 74.80 a barrel in electronic trading. On Tuesday, the contract increased 53 cents to resolve at USD 75.77, returning from five straight days of losses.
In September contracts, heating oil cut down 1.68 cents to USD 2.0091 a gallon and gasoline cut down 2.55 cents to USD 1.9277, in other Nymex trading. Natural gas eased 0.3 cent to USD 4.264 per 1,000 cubic feet.
Brent crude was downhill 93 cents at USD 76.00 a barrel on the ICE Futures exchange, in London.
- Oil scales to near USD 76 a barrel
- Oil cascades near to USD 75 a barrel
- Buy MCX gold Oct agreement at Rs 18,870
- Oil cascades near to USD 72 a barrel
- Oil climbs above USD 75 a barrel
- Oil prices falls further to 75.74 a barrel
- On August 12,the Reserve Bank of India`s (RBI) position rate for rupee devalued 0.86% besides US dollar at 46.94, contrasted to 46.54 on the preceding working day (August 11).
- Oil prices fall to 80.25 a barrel
- Oil prices falls to USD 82.47 a barrel
- Oil prices climbs above USD 82 a barrel
