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Indian-Commodity  :  Commodities  :  Crude Prices End Higher Led By Gains In Gasoline

Crude Prices End Higher Led By Gains In Gasoline (15-Apr-2011)

Crude prices ended a dollar higher on Thursday, supported by a move higher in gasoline futures after a government report showed falling US gasoline supplies. The crude reversed early losses as a weaker dollar provided lift and offset worries that high prices would erode demand.

Data from the US Energy Information Administration (EIA) showed that US gasoline stocks plunged by 7 million barrels last week to their lowest level since October as refiners cut processing rates and cleared inventories of winter-grade fuel.

Meanwhile, it was reported that Libyan rebels are exporting a minimum amount of crude from fields which are pumping around 100,000 barrels per day, way less than the country's usual production at 1.6 million bpd.

Benchmark crude for May rose $1, or 0.93 percent to settle at $108.11 a barrel, after trading in a range of $105.77 to $108.55 on the New York Mercantile Exchange. In London, Brent crude gained $1.96, or 1.6%, to $122.88 a barrel on the ICE.

Top News Today
Jet Airways introduces third daily service between Mumbai - London
(25-May-2017)

Jet Airways introduces third daily service between Mumbai - LondonJet Airways has introduced its third non-stop daily service between Mumbai and London Heathrow, effective from October 29. The airline will deploy Boeing 777-300ER -- the biggest aircraft in its fleet......click on news to read complete article.

ONGC, Jet Airways and M&M to see some action today
(25-May-2017)

ONGC, Jet Airways and M&M to see some action todayState oil companies have planned a capex of Rs 87,000 crore, or $13 billion, in 2017-18 to develop oil and gas fields, expand refining capacity, and build pipelines. Oil and Natural Gas Corporation (ONGC)......click on news to read complete article.

JSPL plans to increase its total steel capacity: Report
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JSPL plans to increase its total steel capacity: ReportJindal Steel and Power (JSPL) is reportedly planning to increase its total steel capacity by as much as 50% this fiscal year and turn profitable by 2018/19.  Further, the company has reported......click on news to read complete article.

International Stock News
US markets closed higher on Fed minutes
(25-May-2017)

US markets closed higher on Fed minutesThe US markets closed higher on Wednesday, as minutes of the Federal Reserve's latest policy meeting showed broad agreement on plans to begin shrinking the central bank's balance sheet and also pointed......click on news to read complete article.

US markets closed higher on Tuesday
(24-May-2017)

US markets closed higher on TuesdayThe US markets closed higher on Tuesday, marking a fourth straight session in the green following the White House's release of its 2018 budget proposal. The White House is seeking to slash federal spending......click on news to read complete article.

Asian markets trade mostly higher in early deals on Wednesday
(24-May-2017)

Asian markets trade mostly higher in early deals on WednesdayMost of the Asian equity benchmarks are trading up in the early deals on Wednesday following the positive lead overnight from Wall Street after the Trump administration unveiled its first budget proposal.......click on news to read complete article.

 

     
  
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