Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Articles Tagged "hold"
Garware Offshore Services has said the fall in international crude prices and the credit crunch has forced oil exploration and production companies to put on hold their plans for hydrocarbon discoveries. For full story, click here
Having lost 17 bn pounds in the global financial meltdown, India-born billionaire Lakshmi Mittal has put on hold his investments in USD 10 bn refinery-cum-petrochemical project planned at Vizag. For full story, click here