Oil prices reached their highest levels since October on Monday as investors are focused on global fuel demand, Beijing economic stimulus and cold weather conditions in the Northern Hemisphere. As per latest report, Brent crude was up by 15 cents to $76.66 a barrel and US West Texas Intermediate crude climbed 22 cents at $74.18 a barrel. Goldman Sachs has predicted a decline in Iran’s oil production and exports because of anticipated policy changes and sanctions from the incoming US administration. This could lead to a reduction of around 300,000 barrels per day to 3>25 million bpd by second quarter, as reported by Reuters.
According to Rahul Kalantri, VP Commodities, Mehta Equities Ltd, ‘’We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $72.80-72.20 and resistance is at $74.10-74.70 today’s session. In INR crude oil has support at Rs 6,300-6,240 while resistance at Rs 6,420-6,480.’’
Also ReadWhat’s the outlook for gold in 2025? Check Gold, silver rate today on January 6 in Mumbai, Delhi, Chennai, Kolkata Check latest Petrol and Diesel prices at your place on 6 January 2025
Ahmedabad: Petrol price: 94.58 per litre, Diesel price: Rs 90.17 per litre
Gurgaon: Petrol price: Rs 95.25 per litre, Diesel price: Rs 88.10 per litre
Chennai: Petrol price: Rs 100.90 per litre, Diesel price: Rs 92.49 per litre
Lucknow: Petrol price: Rs 94.69 per litre, Diesel price: Rs 87.81 per litre
Srinagar: Petrol price: Rs 99.70 per litre, Diesel price: Rs 84.88 per litre
Shimla: Petrol price: Rs 94.78 per litre, Diesel price: Rs 87.26 per litre
Surat: Petrol price: Rs 94.60 per litre, Diesel price: Rs 90.29 per litre
Thane: Petrol price: Rs 103.70 per litre, Diesel price: Rs 90.22 per litre
New Delhi: Petrol price: Rs 94.77 per litre, Diesel price: Rs 87.66 per litre
Kanpur: Petrol price: Rs 94.62 per litre, Diesel price: Rs 87.72 per litre
Faridabad: Petrol price: Rs 95.56 per litre, Diesel price: Rs 88.40 per litre
Indore: Petrol price: Rs 106.52 per litre, Diesel price: Rs 91.91 per litre
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