Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Prices End At Their Highest Level In 30 Months On Friday

09-Apr2011

Crude Prices End At Their Highest Level In 30 Months On Friday

Crude prices ended at their highest level in 30 months on Friday, pushing gains to a third week, as a decline in the dollar spurred a broad rally in commodities. Fears of prolonged supply outages in Libya persisted as fighting raged in the North African oil producer too aided the price rise.

Meanwhile, Libyan rebels said they repelled an assault by government troops on the eastern flank of the coastal city of Misrata but the fighting forced residents to flee the area.

Benchmark crude for May delivery settled at $112.79 a barrel, the highest price since September 22, 2008, after trading in a range from $110.11 to $112.86 on the New York Mercantile Exchange. In London, Brent crude for May delivery ended at $126.65, up by $3.98 or 3.24 percent on the 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

Shalimar Paints lays down foundation of Nashik manufacturing plant

Shalimar Paints has laid down the foundation of a manufacturing unit to be rebuilt in Nashik, in the state of Maharashtra. The company set to commence operations by April 2019 with a planned production......

Delta Corp reports 11% rise in Q2 consolidated net profit

Delta Corp has reported results for second quarter ended September 30, 2018.The company has reported over 2-fold jump in its net profit at Rs 63.51 crore for the quarter under review as compared to Rs......

PNB plans to sell non-core assets worth Rs 8,600 crore during FY19

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile,......