Oil prices rise amid falling US oil rig count

Last Updated: Sat, Jun 08, 2019 15:44 hrs
Petrol Pump (PTI image)

New York: Oil prices went up on Friday, as US oil rig count fell sharply this week, easing concerns there would be a potential supply glut and Saudi Arabia called for oil production cut extension.

The number of US oil rigs dropped 11 to 789 for the week ending June 7, US energy services firm Baker Hughes reported on Friday.

The figure marks its largest fall on a weekly basis since April and hits the lowest level since February 2018, the Xinhua news agency reported.



Year on year, the oil rig count retreated a significant 73 from the 862 in the same week last year.

Saudi Arabia's energy minister on Friday called on OPEC and its allies to extend oil output cuts.

"On the OPEC side, a rollover is almost in the bag. The question is to calibrate with non-OPEC," Saudi Energy Minister Khalid al-Falih said during a forum in St. Petersburg.

The West Texas Intermediate for July delivery increased 1.4 US dollars to settle at 53.99 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery rose 1.62 dollars to close at 63.29 dollars a barrel on the London ICE Futures Exchange.


State Capitals (Applicable from 6:00 a.m. on 08-06-2019) Petrol Current Price(Per Lt) Petrol Previous Price(Per Lt) Change(Rs)
Petrol price in New DelhiRs.70.94 Rs.71.07 -0.13
Petrol price in KolkataRs.73.19 Rs.73.31 -0.12
Petrol price in MumbaiRs.76.63 Rs.76.76 -0.13
Petrol price in ChennaiRs.73.70 Rs.73.84 -0.14
Petrol price in GurgaonRs.71.11 Rs.71.16 -0.05
Petrol price in NoidaRs.70.79 Rs.71.09 -0.30
Petrol price in BangaloreRs.73.33 Rs.73.47 -0.14
Petrol price in BhubaneswarRs.70.00 Rs.70.13 -0.13
Petrol price in ChandigarhRs.67.08 Rs.67.20 -0.12
Petrol price in HyderabadRs.75.39 Rs.75.53 -0.14
Petrol price in JaipurRs.72.33 Rs.72.40 -0.07
Petrol price in LucknowRs.70.67 Rs.70.68 -0.01
Petrol price in PatnaRs.75.35 Rs.75.48 -0.13
Petrol price in TrivandrumRs.73.90 Rs.74.53 -0.63
Petrol price in DelhiRs.70.72 Rs.71.07 -0.35
Petrol price in KolkataRs.72.97 Rs.73.31 -0.34
Petrol price in MumbaiRs.76.41 Rs.76.76 -0.35
Petrol price in ChennaiRs.73.47 Rs.73.84 -0.37
Petrol price in FaridabadRs.71.27 Rs.71.57 -0.30
Petrol price in GurgaonRs.70.84 Rs.71.16 -0.32
Petrol price in NoidaRs.70.60 Rs.71.09 -0.49
Petrol price in GhaziabadRs.70.43 Rs.70.63 -0.20
Petrol price in AgartalaRs.71.03 Rs.71.39 -0.36
Petrol price in AizwalRs.67.25 Rs.67.58 -0.33
Petrol price in AmbalaRs.70.90 Rs.70.98 -0.08
Petrol price in BangaloreRs.73.11 Rs.73.47 -0.36
Petrol price in BhopalRs.73.76 Rs.74.19 -0.43
Petrol price in BhubhaneswarRs.69.67 Rs.70.13 -0.46
Petrol price in ChandigarhRs.66.87 Rs.67.20 -0.33
Petrol price in DehradunRs.70.89 Rs.71.16 -0.27
Petrol price in GandhinagarRs.68.41 Rs.68.77 -0.36
Petrol price in GangtokRs.74.30 Rs.74.65 -0.35
Petrol price in GuwahatiRs.70.35 Rs.70.72 -0.37
Petrol price in HyderabadRs.75.16 Rs.75.53 -0.37
Petrol price in ImphalRs.67.02 Rs.67.59 -0.57
Petrol price in ItanagarRs.64.85 Rs.65.17 -0.32
Petrol price in JaipurRs.72.11 Rs.72.40 -0.29
Petrol price in JammuRs.72.28 Rs.72.57 -0.29
Petrol price in JalandharRs.70.74 Rs.70.98 -0.24
Petrol price in KohimaRs.69.50 Rs.69.84 -0.34
Petrol price in LucknowRs.70.53 Rs.70.68 -0.15
Petrol price in PanjimRs.64.27 Rs.64.55 -0.28
Petrol price in PatnaRs.75.16 Rs.75.48 -0.32
Petrol price in Port BlairRs.61.24 Rs.61.54 -0.30
Petrol price in RaipurRs.69.46 Rs.69.71 -0.25
Petrol price in RanchiRs.69.84 Rs.69.87 -0.03
Petrol price in ShillongRs.68.01 Rs.68.55 -0.54