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    FIH Pro League; Indian women's team suffers narrow 2-3 defeat against Australia

    FIH Pro League; Indian women's team suffers narrow 2-3 defeat against Australia

    'It’s one of the most special days': Markram after taking South Africa to WTC glory

    'It’s one of the most special days': Markram after taking South Africa to WTC glory

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    Bharat Ruhil’s Ironman resolve: From accident and misses to India’s fastest triathlete hope

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    Golf: Avani lies second, Diksha and Tvesa also make cut at Hulencourt Women’s Open

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    RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

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    'All of us are enjoying what’s happening': Prasidh reflects on opening day of intra-squad game

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    UTT Season 6: Reigning champions Dempo Goa Challengers face resolute U Mumba TT in semi-final 2

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    WTC Final: Bavuma holding mace will lift Test cricket again in South Africa, says Smith

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    WTC final: These 69 runs will be the hardest SA will ever have to earn, says Steyn ahead of day 4

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Home India

Global crude oil prices fall towards 50 dollars

ENEWSTIME Desk by ENEWSTIME Desk
March 28, 2017
in India
Global crude oil prices fall towards 50 dollars
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Mar 28, 2017:  Global crude oil prices fell further towards 50 dollars a barrel, today, on uncertainty over whether an OPEC-led output cut will be extended beyond June in an effort to counter a glut of crude.
A committee of ministers from OPEC and outside producers yesterday agreed to look at prolonging the deal, stopping short of an earlier draft statement that said the committee recommended keeping the measure in place. So Brent crude oil futures fell 19 cents, to 50.61 dollars a barrel, after falling as low as 50.26 dollars a barrel.

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U.S. crude lost 31 cents, to 47.66 dollars a barrel. Analysts said that against a backdrop of rising U.S. crude output and underwhelming OPEC-led efforts to normalize bulging global oil inventories, positives for oil are in short supply. Oil also came under pressure from further evidence that higher prices are helping boost supplies in the United States. (AIR NEWS)

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