Oil prices mixed ahead of crucial OPEC meet
Oil prices were mixed in early Asian trade on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna. OPEC and non-OPEC nations are meeting on Friday to discuss a possible extension of oil supply cuts to support prices and will consider monitoring exports to assess compliance. Read More
GOCL Corp hits record high
Oil and marketing major GOCL Corporation was roaring on the bourses as the stock zoomed over 15% to hit record high. It traded at a new 52-week high of Rs 587 per share during Thursday’s trading session on the BSE. Read More
Oil prices dip due to hike in US crude production
Oil prices dipped during Thursday’s trade due to hike in US crude inventories and production as well as stronger dollar.
Brent crude futures, the international benchmark for oil prices, were at USD 56.13 a barrel at 0134 GMT, down 16 cents, or 0.3%, from their last close. US West Texas Intermediate (WTI) crude futures were at USD 50.68 per barrel, down 1% from the last settlement. Read More