- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Pistol shooter Divanshi bagged a second individual gold in the women’s 25m standard pist
- Paralympics: BAI announces Rs 50 lakh cash reward for medallist para-shuttlers
- Laver Cup: Tiafoe upsets Medvedev, Alcaraz pulls Team Europe level with Team World
- Cincinnati Open: Tiafoe, Hurkacz, Rune and Draper in the quarters
- Paris Olympics: Abhinav Bindra 'completely gutted' after Vinesh Phogat's disqualification
- Paris Olympics: USA, China in Top-2, India slip to 60th
Global crude heading northward Last Updated : 15 Apr 2017 07:59:43 PM IST file photo
Global oil prices rose more than 1.8 percent on Saturday, but analysts remained cautious about record-high crude inventories.
Global crude oil prices rose for the third straight week. During the week in which crude benchmarks touched a one-month high on increased hopes world supply and demand were nearing balance.
At the same time, the U.S. oil rig count rose to its highest level in two years, threatening the re-balancing of markets. Energy services firm Baker Hughes said on Thursday that drillers added 11 oil rigs in the week to April 13, bringing the total count up to 683. The number of U.S. rigs has increased for 13 consecutive weeks.
So, Benchmark Brent crude futures ended the week at 55.89 dollars a barrel, rising 1.2 percent during the week. U.S. West Texas Intermediate crude closed the week at 53.18 dollars a barrel, climbing 1.8 percent during the week.
Meanwhile, OPEC meets on May 25 to consider extending the cuts beyond June. Saudi Arabia, Kuwait and most other OPEC members are leaning toward this if agreement is reached with other producers. Also, OPEC data showed members of the group had cut March output beyond the level they had promised.
Harsh Ranjan For Latest Updates Please-
Join us on
Follow us on
172.31.16.186