Crude Oil Prices edge up; Check Petrol, Diesel Prices Today 23 December 2024 in Chennai, Gurgaon, Mumbai, Srinagar and Hyderabad

Crude oil prices increased marginally on December 23, after the release of US economic data showing a slowdown in inflation. Brent crude futures increased by 26 cents, or 0.4 per cent, and touched $73.20 per barrel. Similarly US West Texas Intermediate (WTI) futures climbed by 31 cents, or 0.5 per cent and reached $69.77 per barrel.

The report showed that monthly inflation slowed in November after showing little improvement in recent months. The personal consumption expenditures (PCE) price index rose 0.1 per cent last month after an unrevised 0.2 per cent gain in October.

Both oil benchmarks dropped by over 2 per cent last week, driven by concerns over global economic growth and oil demand after the U.S. central bank signaled a cautious approach toward further easing of monetary policy. 

Rahul Kalantri, VP Commodities, Mehta Equities said,”Crude oil prices showed very high price volatility and extended its fall in the early trading session but prices recovered from their lows after profit taking in the dollar index and geo-political tensions. The dollar index slipped from 2-year highs and supported crude oil prices at lower levels. Crude oil prices also recovered amid escalation of tensions between Russia-Ukraine over the weekend after Russia fired missiles on Kyiv.”

He added,”However, higher U.S. gasoline stocks and Chinese demand worries are restricting gains of crude oil. We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $69.15-68.60 and resistance is at $70.30-71.00 today’s session. In INR crude oil has support at Rs 5,880-5,820 while resistance at Rs 6,020-6,100.”

Check latest Petrol and Diesel prices at your place on 23 December 2024

Bangalore: Petrol price: Rs 102.92 per litre, Diesel price: Rs 88.99 per litre

Gurgaon: Petrol price: Rs 95.07 per litre, Diesel price: Rs 87.93 per litre

Mumbai: Petrol price: Rs 103.50 per litre, Diesel price: Rs 90.03 per litre

Ludhiana: Petrol price: Rs 97.41 per litre, Diesel price: Rs 87.90 per litre

Guwahati: Petrol price: Rs 98.08 per litre, Diesel price: Rs 90.33 per litre

Pune: Petrol price: Rs 104.04 per litre, Diesel price: Rs 90.57 per litre

Ranchi: Petrol price: Rs 97.86 per litre,

 » Read More

Related Articles

Delhi-NCR leads Sept 2024 Housing Price Index with unprecedented growth

Property values in the National Capital Region (NCR) have shown significant increase in a rather short time span as the country’s rich continue to pour millions in this highly-promising residential market, inspired by lifestyle aspirations. According to the latest findings of the Housing Price Index (HPI), a leading indicator of price trends in India’s key

Karnataka govt gives nod to nine industrial projects worth Rs 9,823.31 Cr, set to create 5,605 jobs

The Karnataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, expected to create approximately 5,605 jobs. The approval was given during the 64th meeting of the State High Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah. Of the approved projects, three are new investments, while the remaining

Rupee slips to all-time lows, closes below 85/$

The rupee ended at another all-time low on Monday due to weakness in the Chinese yuan and  and strong dollar bids from importers, likely related to month-end payments, said forex traders. However, dollar sales by the state-owned banks on behalf of the Reserve Bank of India capped the decline. The rupee ended at 85.12 against

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Delhi-NCR leads Sept 2024 Housing Price Index with unprecedented growth

Property values in the National Capital Region (NCR) have shown significant increase in a rather short time span as the country’s rich continue to pour millions in this highly-promising residential market, inspired by lifestyle aspirations. According to the latest findings of the Housing Price Index (HPI), a leading indicator of price trends in India’s key

Karnataka govt gives nod to nine industrial projects worth Rs 9,823.31 Cr, set to create 5,605 jobs

The Karnataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, expected to create approximately 5,605 jobs. The approval was given during the 64th meeting of the State High Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah. Of the approved projects, three are new investments, while the remaining

Rupee slips to all-time lows, closes below 85/$

The rupee ended at another all-time low on Monday due to weakness in the Chinese yuan and  and strong dollar bids from importers, likely related to month-end payments, said forex traders. However, dollar sales by the state-owned banks on behalf of the Reserve Bank of India capped the decline. The rupee ended at 85.12 against

It’s slow going at Indiamart

It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared

Explained: Why is GST on caramelized popcorn higher? A detailed analysis

The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready