Petrol price crosses Rs 100/liter mark in Delhi

By Administrator_India Capital Sands Petrol price on Wednesday crossed the Rs 100-a-litre mark after fuel prices were increased in line with firming international oil trends. Petrol price was increased by 35 paise per litre and diesel by 23 paise a litre, according to a price notification of state-owned fuel retailers. In Delhi, petrol now costs Rs 100.21 a litre and diesel is priced at Rs 89.53 per litre. Delhi is the last of the metro cities to see petrol rising above the Rs 100-a-litre mark. Mumbai, Chennai, Hyderabad and Pune already have…

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Economic News Oil 

Dollar heads toward weekly gain as oil shock reveberates

By Administrator_India Capital Sands The dollar was headed for its best week since early April on Friday, as tumbling oil prices weighed on commodity currencies and division over Europe’s emergency fund dragged on the euro. The dollar stands near a two-and-a-half-week high against a basket of currencies and is 0.8% stronger for the week. It is up nearly 3% against the oil-sensitive Norwegian krone and about 1% on the euro. Morning moves were modest and led by a drift lower in the Australian and New Zealand dollars as traders were…

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Europe Weakens; Weighed by Losses in Oil Sector Commodity Oil 

Europe Weakens; Weighed by Losses in Oil Sector

By Administrator_India Capital Sands European stock markets sold off Tuesday, weighed by losses in the energy sector as investors react to the price of oil turning negative overnight. At 4:25 AM ET (0825 GMT), the U.K.’s FTSE index traded 1.5% lower, France’s CAC 40 was down 2.1%, while the DAX fell 2.2%. The broader based Stoxx 600 Europe index dropped 1.4%. The price of a barrel of West Texas Intermediate crude to be delivered in May closed at negative $37.63 on Monday, the penultimate day of trading for that contract, as investors and traders desperately sought to avoid…

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