Crude oil crosses $ 97 per barrel

New Delhi, (thestates.news) : In the international market, the trend of volatility in the price of crude oil continues. After the reduction in the production of oil by OPEC plus countries, it has a bullish trend, but due to the decline in China’s service sector, its price is currently above $ 92 a barrel. However, public sector oil marketing companies have not made any change in the price of petrol and diesel in the domestic market.

According to Indian Oil, petrol remained at Rs 96.72 per liter and diesel at Rs 89.62 per liter in Delhi on Monday. Petrol is getting Rs 106.31 per liter and diesel Rs 94.27 per liter in the financial capital Mumbai. Petrol in Kolkata is priced at Rs 106.03 per liter and diesel at Rs 92.76 per liter, while in Chennai, petrol is being sold at Rs 102.63 per liter and diesel at Rs 94.24 per liter.

It is noteworthy that the decision of OPEC plus countries to cut crude oil production by up to 2 million barrels per day from November has led to a rise in the price of crude in the international market. However, Brent crude is down 0.93 per cent at $97.01 per barrel in early trade today, while US West Texas Intermediate crude is down 0.91 per cent to trade at $91.80 per barrel.(HS)