Symbol: CRUDEOIL| Contract: Nov, 2021| Category: Energy
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Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.
India is the world's third-largest oil importer and consumer, reliant on imports for about 85 per cent of its crude and buying most of that from Middle East producers.
On a year-on-year basis, refiners' crude oil throughput in September rose about 2.9 per cent, while crude oil production fell about 1.7 per cent to around 600,000 bp
Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year
Fuel prices continue to rise for the second straight day on Thursday, October 21, to hit fresh all-time highs following a surge in global crude oil rates.
Petrol and diesel prices jumped on Wednesday, October 20, following a surge in global crude oil rates.
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