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The retail selling price of petrol cut by 3rs in the last day April month . Petrol prices were last decreased by Rs 1.2 a litre in Delhi on April 16. Since then, international prices of petrol have gone down from around $116 a barrel to around $107 a barrel

In International market, NYMEX crude oil has slipped below $ 83 per barrel. Brent Crude is trading around $ 85 per barrel.MCX Crude-oil MCX Crude Oil is trading with a weakness of 0.75 percent below Rs 5050.

The broader energy sector sunk today as debt concern and a rising dollar pushed shares of major oil companies lower. At $87 a barrel some analysts are worrying major companies will engage in fewer projects in the upcoming months.

Crude Oil shown some strength in early trading today and has seen some recovery in Global Market after the sharp fall in prices on Monday. The International Crude oil prices touched a low of 37.75 dollars per barrel on Wednesday, which was the lowest level since March 2009. Read more here- http://www.pinnaclefinancial.in/blog/crude-oil-updates-global-market-trend/

Oil prices closed in on $90 per barrel on the New York Mercantile Exchange after a three-day rally on Wall Street and a sharp decline in U.S. inventories.

Crude oil futures were trading lower during early morning trade in the domestic market on Friday as investors and speculators continued to cut risky bets in the energy commodity amidst heightened fears over a worsening supply glut in the global oil market. US crude supplies climbed for the seventh week on the trot, up by 4.22 million barrels last week, the EIA said, adding that supplies of the fuel in the world's biggest oil consumer

The lack of expected resolution to financial problems in the eurozone and weak manufacturing reports hurt oil service sector stocks in trading today. Halliburton was especially hard hit as overseas earnings failed to excite the investing community.

JPMorgan Chase led financial stocks lower today after the second-largest bank in the U.S. reported disappointing results in Q3. Late trading surges helped to minimize the market's decline.