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English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 74,106.85 +1.07% ↑ Nifty 22,957.50 +1.08% ↑ 22k Gold ₹ 13,810/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 108.72 USD ₹ 93.06
Sensex 74,106.85 +1.07% ↑ Nifty 22,957.50 +1.08% ↑ 22k Gold ₹ 13,810/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 108.72 USD ₹ 93.06
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Crude Oil Sees Biggest Jump In 6 Years
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Brent crude saw one of its biggest rallies in 6 years as worries over China growth faded and stock markets across the globe rallied.

crude-oil
Brent crude was hovering near the $47 mark and was steady after Thursday's super rally. Markets were worried that crude was getting into over sold territory and a sustained fall could badly impact markets.

There may also have been a short covering rally in crude which had been hammered down towards the early part of the week.

But optimism was restored after US economic data came in better than expected and hopes of an interest rate cut in the US in Sept faded.

GoodReturns.in

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Story first published: Friday, August 28, 2015, 8:17 [IST]
See More On: crude oil
Other articles published on Aug 28, 2015

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