A- A A+
Last Updated : Nov 24 2020 5:49AM     Screen Reader Access
News Highlights
PM inaugurates multi-storey flats for MPs; says construction of many buildings started during NDA govt completed before schedule            Economic reforms to continue to make India a hotspot of global investment, says FM            Cabinet Secy chairs NCMC meeting to review status of impending cyclone in Bay of Bengal            Covid-19 recovery rate improves to 93.68 pct; More than 85 lakh people recovered so far            Former CM of Assam Tarun Gogoi passes away           

Business News

Nov 05, 2018
9:00AM

Oil prices fall for fourth straight week as US allows Irans sanctions waiver

NSD Logo
Global crude oil prices fell for the fourth straight week as investors worried about oversupply as the United States temporarily spared eight countries from Iran-related sanctions during the week. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back into effect on Monday. 

So US crude futures ended the week at 63.14 dollars a barrel, slipping 6.6 per cent this week. Brent crude oil futures finished the week at 72.91 dollars a barrel. Brent slumped 6 per cent during the week and 16 per cent since the beginning of October, when it reached its highest since 2014.
Crude prices are under pressure as world oil production has been rising significantly in the past two months. Russian Energy Ministry data showed on Friday that the country pumped 11.4 million barrels per day of crude, highest in last 30-year high in the month of October. 

Organization of the Petroleum Exporting Countries boosted oil production in October to 33.3 million barrels per day, up 390,000 barrels per day and the highest by OPEC since 2016.

Live Twitter Feed

Listen News

Morning News 23 (Nov) Midday News 23 (Nov) Evening News 23 (Nov) Hourly 23 (Nov) (1910hrs)
समाचार प्रभात 23 (Nov) दोपहर समाचार 23 (Nov) समाचार संध्या 23 (Nov) प्रति घंटा समाचार 23 (Nov) (2200hrs)
Khabarnama (Mor) 23 (Nov) Khabrein(Day) 23 (Nov) Khabrein(Eve) 23 (Nov)
Aaj Savere 23 (Nov) Parikrama 23 (Nov)

Listen Programs

Market Mantra 23 (Nov) Samayki 9 (Aug) Sports Scan 23 (Nov) Spotlight/News Analysis 23 (Nov) Employment News 23 (Nov) World News 23 (Nov) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 23 (Nov) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 21 (Nov) North East Diary 19 (Nov)