International Brent crude
Himachal Pradesh75353 Chhatisgarh66560 Puducherry1690 Goa1570 Meghalaya13111 Manipur320 Mizoram110 Arunachal Pradesh110 Business, Market Oil advances as OPEC set to China screw barrel of injection moulding machines Manufacturers continue supply cuts despite US pressure to ease REUTERS Published: Feb 27, 2019, 2:53 pm IST Updated: Feb 27, 2019, 2:53 pm IST International Brent crude futures were at USD 65.Oil markets have generally received support this year from supply curbs by the Organization of the Petroleum Exporting Countries OPEC, which together with some non-affiliated producers like Russia, known as OPEC+, agreed late last year to cut output by 1.Trump tweeted on Monday that oil prices were getting too high for the global economy, asking OPEC to relax its supply cuts.International Brent crude futures were at USD 65.
File Singapore: Oil prices rose on Wednesday after a report of declining US crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump.US West Texas Intermediate WTI crude oil futures were at USD 55.Crude oil.Financial markets on Wednesday also became cautious after Pakistan said it had shot down two Indian jets in its territory, sending investors out of riskier markets and into more conservative choices such as the yen.US crude oil inventories fell by 4.Official data will be released by the US Energy Information Administration EIA after 1800 GMT on Wednesday.89 per barrel at 0755 GMT, up 39 cents, or 0.48 per barrel, up 27 cents, or 0.7 per cent, from their last settlement.2 million barrels in the week to Feb 22, to 444.4 per cent from their last close.Despite the OPEC-led curbs, oil remains in ample supply as US crude production has risen by more than 2 million bpd over the past year, to a record 12 million bpd, and because demand growth is low due to a global economic slowdown and improving energy efficiency across industries.
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