New York, Nov. 22 (IANS): Oil prices went up, as investors continued observing the escalating geopolitical frictions between Yemen's Houthi rebels and the Saudi-led coalition in the Middle East.
The West Texas Intermediate for January delivery increased 1.57 US dollars to settle at 58.58 dollars a barrel on the New York Mercantile Exchange, Xinhua news agency reported.
The Brent Crude Oil for January delivery rose 1.57 dollars to close at 63.97 dollars a barrel on the London ICE Futures Exchange.
On Thursday, Yemen's Houthi rebels said they shot down a spy drone near the border with Saudi Arabia. Earlier on Wednesday, they said they fired an anti-aircraft missile to force away an F-15 jet of the Saudi-led coalition over the northern province of Saada.
Petrol at INR 80/l in Mumbai as prices rise after 2 days
After a gap of two days, petrol prices increased again on Friday and in the country's financial capital Mumbai, it was being sold at INR 80 per litre. The petrol prices increased by 15-16 paise per litre in the four metros of Delhi, Kolkata, Mumbai and Chennai, while there has been no change in the price of diesel. On the other hand, the price of crude in the international market remained close to the two-month high.
According to the Indian Oil website, the price of petrol in Delhi, Kolkata, Mumbai and Chennai has increased to INR 74.35, INR 77.04, Rs 80.01 and INR 77.29 per litre respectively. The price of diesel in the four metros remained unchanged at INR 65.84, Rs 68.25, INR 69.06 and INR 69.59 per litre respectively.
Petrol oil marketing companies on Friday increased petrol prices by 15 paise per litre in Chennai, 16 paise per litre in Delhi, Kolkata and Mumbai. Petrol price in Mumbai was Rs 80.11 per litre on October 3, 2019.
