end since last week, could see some uncertainty going forward as expectations of an interest rate-cut by the RBI reaches its crescendo. Declining crude oil prices and improvement in the GDP growth rate have enthused markets into believing that the ... Business Standard India, 3 weeks ago
Brent crude, the global oil price benchmark, on Thursday fell below $92 a barrel, its lowest level since June 2012. This slump, attributed to a weak global economic recovery and oversupply in the market, is set to narrow Indian oil firms' losses on sale of petroleum products and lower the government's subsidy burden. Brent crude oil for November delivery slipped to $91.37 a barrel, the lowest in 27 months. As at 11 pm (IST), it was trading at $92.89 a barrel - $1.27 (1.35 per cent) lower that ...Rediff.com, 2 months ago
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