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DNA Explainer: How rising crude oil prices, domestic taxes and fall in demand are affecting fuel prices in India

DNA Explainer: How rising crude oil prices, domestic taxes and fall in demand are affecting fuel prices in India - We try to understand the role of rising crude oil prices with the rising domestic prices of petrol and diesel and also look into some other factors. ....

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Oil edges higher on weaker dollar, demand optimism

Oil edges higher on weaker dollar, demand optimism
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FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S.
(Reuters)
. Updated: 20 Apr 2021, 06:38 AM IST Bloomberg
In the US, refinery runs climbed to the highest in over a year as economic activity picked up, but oil demand in India is suffering amid a brutal fresh wave of coronavirus infections.
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Oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
West Texas Intermediate rose 0.3% in Asia after closing modestly higher on Monday. In the U.S., refinery runs climbed to the highest in over a year as economic activity picked up, but oil demand in India is suffering amid a brutal fresh wave of coronavirus infections. The dollar fell for a sixth straight session on Monday, boosting the appeal of commodities priced in the cur ....

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