Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Costs Carry On Its Decrease

05-May2011

Crude Costs Carry On Its Decrease

Crude costs continuing its decrease on Wednesday, dropping to its minimum in 2 weeks monitoring wide decrease in commodities and poor US financial details as well as issues over firmer Chinese monetary plan. The document of make in US crude stocks also weighed greatly on the rates. US Doe stated that crude stocks increased by 3.4 million drums for the week even while imports droped, though the US gasoline stocks droped for the 11th right time previous week, to its minimum since June 2009.

Standard crude for June supply dropped for third sequential day to stay lower $1.81 at $109.24 a barrel on the NYME . In London, Brent crude regarding June dropped $1.26 a barrel to stay at $121.19 on ICE.

Related News

View all news

BT Cotton Seeds Businesses Targeting Earnings Of Rs 700 Crore This Season

BT Cotton seeds organizations are targeting earnings of Rs 700 cr this season as a result of a rise ......

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the ......

Copper Seems To Lengthen Uptrend As Dollar Recoils

Copper rates were able to lengthen the uptrend for 3rd instantly period on Monday, as traders proved......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......