• SENSEX
    NIFTY 50
Commodities

Oil prices gain as US drillers cut oil rigs

Updated : July 20, 2018 11:58 PM IST

Despite the day's advance, prices remained on course for a third consecutive weekly decline as gains in supply had dragged on prices during the week.
Brent crude was up 34 cents at $72.92 a barrel by 1723 GMT. Brent was on track to fall 3.2 percent in the week.
A weakening US dollar, following US President Donald Trump's criticism of the Federal Reserve's policy moves, has helped relieve some pressure on oil prices, said Phil Flynn, analyst at Price Futures Group in Chicago.
Oil prices gain as US drillers cut oil rigs
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV