Oil prices surged, with Brent crude touching $113.02 - its highest since 2014 - and U.S. crude coming close to passing its 2013 peak
Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday.
Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow
For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices
Brent crude rose $2.65, or 2.7%, to $100.58 by 1255 GMT after touching a high of $105.07 a barrel in early trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.46 per cent higher at 97.06
Brent crude rose $4.16, or 4.3%, to $102.09, at 0915 after hitting a high of $105.07 a barrel in early trade
At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade
India stands ready to take appropriate action for ensuring ongoing supplies at stable prices, says ministry of petroleum
Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now
U.S. West Texas Intermediate (WTI) crude were down 30 cents, or 0.3%, to $92.51 a barrel, after hitting a session high of $95.64
Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine
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Brent crude rose to as much as USD 103.78 a barrel, the highest since August 14, 2014, and was at USD 103.40 at 1500 hrs, up USD 6.71, or 6.93 per cent
Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine
BPCL, HPCL, Indian Oil, Gujarat Gas, Petronet LNG, Indraprastha Gas and Mahanagar Gas are trading 2 per cent to 6 per cent lower on the BSE.
Average natural gas prices in January and February highest in the last nine years
Brent-indexed crude oil prices traded at $94-$95 per barrel, which is at its multi-year high
Brent crude rose 11 cents, or 0.01%, to $96.95 a barrel at 0730 GMT, after soaring as high as $99.50 on Tuesday, the highest since September 2014
Brent crude, the global benchmark, was up $3.48, or 3.7%, at $98.87 at 0900 GMT, having earlier reached $99.38, the highest since September 2014