HPCL, BPCL, IOC Shares Rally Up To 6% As Crude Oil Prices Extend Decline
4 Articles
4 Articles
Oil prices fell today for Thursday's fourth consecutive meeting, continuing their losses after falling by more than 8% at the previous meeting. Burnt's forward contracts fell 97 cents, equivalent to 1.03%, to $93.65 per barrel by 02:11 Greenwich time, while West Texas's future contracts declined by $1.14, or 1.29 per cent, to $86.98 per barrel.
The new drop follows strong pressure on Wednesday, when Brent recorded losses of 8.7%, falling by 8.98 dollars, to 94.62 dollars a barrel. International oil prices fell for the fourth consecutive day on Thursday, after yesterday's plunge that approached 9%, as markets assess political developments in the US and the increasing chances of a diplomatic settlement of the conflict with Iran. The price of Brent oil today stands at 93.72 dollars a barr…
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