Oil over USD 101 on US supply drop, Egypt

July 04, 2013 02:13

The price of oil rose above USD 102 a barrel for the first time in 14 months on concerns about Middle East supplies and signs of an increase in US demand for fuel.

Around midday today, US benchmark oil was up USD 1.63 to USD 101.23 a barrel. It rose to USD 102.18 earlier, a high since May of last year. Oil has not closed above USD 100 since May 3, 2012.

« Back to LIVE

TOP STORIES

Xi appoints new envoy to India after 18-month delay amid frozen ties

Xu, 60, is expected to travel to New Delhi soon to take over his new posting.

Sebi rejects NSE's proposal to extend trading hours

Capital markets regulator Sebi has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock brokers community. "Currently, there is...

Tell Us: What Do You Make Of These Met Gala Outfits?

Flowers blossomed and birds took flight on the Met Gala red carpet.

The Hottest Met Gala Looks

Meet the celebs who wowed at New York's biggest fashion gala of the year.

Need 400 so that Cong doesn't put 'Babri lock' on Ram temple: Modi

Prime Minister Narendra Modi on Tuesday said he wants the Bharatiya Janata Party-led National Democratic Alliance to win 400 seats in the ongoing Lok Sabha polls to ensure the Congress does not bring back Article 370 in Kashmir and put a...