A sharp rise in oil prices will only reduce the possibility of a revival in the Indian economy
US crude soared 4.42% to $65.47 a barrel
Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani
In September, US officials blamed Iran for a missile and drone attack on oil installations of Saudi Aramco, the Saudi state energy giant and world's largest oil exporter
Brent crude oil price surged 4 per cent on Friday, following tension between Iran and the US
Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.
On Tuesday, trade volumes remained low as many market participants were away for year-end holidays.
S&P Global Platts sees India's oil demand growing by 170,000 b/d next year as economic growth is expected to pick up, says Hickin
Next year, rising production in other non-OPEC countries such as Brazil and Norway threatens to add to the glut
Some in the market remained skeptical of whether OPEC+ will deepen cuts, though many analysts expect an extension of the existing supply pact
Brent crude futures LCOc1 were up 12 cents at $63.51 a barrel by 1127 GMT. West Texas Intermediate (WTI) crude CLc1 was flat at $57.80
Barclays sees Brent trading near $60 a barrel for two years
Climate change is where collective action is inevitable but is becoming increasingly difficult, the former RBI Governor said
Brent crude futures settled at $62.44 a barrel, down 86 cents, or 1.4 per cent
China and the United States had "constructive talks" on trade in a high-level call on Saturday
Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres
The IEA expects there will be 330 million electric cars on the road by 2040
Concern over trade war, oversupply persists; China car sales fall again
Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 pm EST (1756 GMT). US West Texas Intermediate crude futures rose 68 cents, or 1.2%, to $57.22 a barrel
OPEC nations led by Iraq and Saudi Arabia supply more than 80% of India's oil needs