Oil prices surged as Hamas' attack on Israel fanned fears of a wider regional war and worries over crude supplies. Brent crude jumped more than 5% at one stage to 89 US dollars a barrel, before edging back slightly to stand 3.3% higher at 87.27 US dollars.

Read More »

Crude Oil Futures: Extra rebound not favoured

Open interest in crude oil futures markets shrank by around 48.5 K contracts on Friday, keeping the erratic performance well in place for yet another session. In the same line, volume dropped by just 571 contracts after three straight daily builds.

Read More »

Fuel price hike unlikely despite oil price surge as polls loom: Moody's

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said.

Read More »

No petrol, diesel price hike likely: Moody's

Moody's Investors Service predicts that petrol and diesel prices in India are unlikely to be increased due to the upcoming general elections next year. Despite rising raw material costs, the three state-owned fuel retailers,

Read More »