| Oil prices up in Asian trade but still below $78 | 20-NOV-09 |
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| Oil rose in Asian trade today as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market. |
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| No plan to hike oil prices soon: Secy | 19-NOV-09 |
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| The government is not considering at present to raise petrol and diesel prices in line with the firming international crude rates, Petroleum Secretary RS Pandey said today. |
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| Futures shock? | 12-NOV-09 |
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| One striking feature of the economic landscape over the past few months is how sharply asset and, particularly, commodity prices have rebounded from their troughs of late 2008 and early 2009. For example, crude oil prices, which had dropped below $40 per barrel when there were widespread expectations that the global economy was entering a deep and prolonged recession, have rapidly reached the $80 mark in recent weeks and threaten to go higher. Even though economic conditions have improved during this period, they have hardly done so to the extent that one would expect such a rebound in the prices of oil and other commodities. From the perspective of demand-supply balance, in most sectors it is still a buyer’s market, with capacity utilisation levels nowhere near the peaks achieved in the pre-crisis boom. So, something else is obviously at work. |
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| Oil prices mixed in Asian trade | 11-NOV-09 |
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| Crude prices were mixed in Asia today as oil operations resumed in the Gulf of Mexico and following forecasts of a rise in world oil consumption next year, analysts said. |
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| Palm oil to rise 7% in 4th quarter: Mistry | 10-NOV-09 |
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| Palm oil prices may rise by close to seven per cent in the fourth quarter of the current year (April-March), following a revival in demand from the world’s two largest consumers, India and China, said Dorab Mistry, director of Godrej International in China. |
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| Oil prices higher in Asian trade | 09-NOV-09 |
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| Oil was higher in Asian trade today after falling at the end of last week in reaction to a surge in US unemployment figures, analysts said. |
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| Oil extends gains in Asian trade | 03-NOV-09 |
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| Oil rose further in Asian trade today, underpinned by a better-than-expected expansion in the US manufacturing sector, analysts said. |
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| Larsen & Toubro: Margin surprise | 23-OCT-09 |
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| L&T’s future looks better with the economy showing signs of revival, higher infrastructure spending and firm crude oil prices. |
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