Prices were hiked thrice in February itself and then once on March 1.
Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday.
HDFC Securities has a BUY recommendation on Oil India with a revised price target of Rs 183
Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.
NEW YORK (Reuters) -Oil prices steadied on Thursday, holding close to their highest levels in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.
Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports also helped prices.
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.
Brent crude rose $1.02, or 1.4 per cent, to $75.83 by 8:19 pm IST, having touched its highest since October 2018 at $76.02 after the EIA data
Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter
NEW YORK (Reuters) - Oil futures rose on Friday, reversing early losses and set for a fourth week of gains after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices.
Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel as of 1100 GMT
Investors should stick with the pro-cyclical commodity trade, particularly energy, Wood said
NEW YORK (Reuters) -Crude oil prices fell nearly 2% from their highest level in years on Thursday as the dollar strengthened after the U.S. Federal Reserve signaled it might raise interest rates as soon as 2023.
With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future
By Stephanie Kelly
Brent crude was up 51 cents, or 0.7%, at $73.20 a barrel by 0644 GMT
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased Covid-19 vaccinations help lift travel curbs
Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019
Brent crude futures fell 23 cents, or 0.3%, to $72.29 a barrel at 0145 GMT, reversing most of Thursday's climb to its highest close since May 2019
Brent crude oil futures were down 34 cents, or 0.5%, at $71.88 a barrel by 0108 GMT, while US oil futures declined by 36 cents, or 0.5%, at $69.60 a barrel