Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Rates Drop Tracking The Jump In The Gasoline

17-May2011

Crude Rates Drop Tracking The Jump In The Gasoline

Crude rates decreased on Monday monitoring the decline in gasoline commodities as well as concerns regarding refinery interruptions reduced while the requirement concerns endured. United states President Obama, pressurized from Republicans and people to lower your gasoline rates, declared new methods on Saturday to grow local oil output in Ak and Gulf of Mexicom.

Meanwhile, in the bid to reduce the flood swollen Mississippi River, the Military Corps of Technicians showed the Morganza Floodway northern of Baton Rouge, La., over the past weekend. The proceed seemed to reduce issues that floods could interrupt gasoline output at key refiners across the Gulf Region.

Standard crude for June shipping was lower $1.96, or 2%, to $97.69 a barrel on NYME . London, Expiring Brent raw for June dropped 94 cents, or 0.8%, to $112.89 a barrel 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,......