Oil prices rose on Thursday to their highest since the end of 2014 as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies.

Oil prices edged up on Wednesday, lifted by a reported fall in US crude inventories and by the ongoing risk of supply disruptions.Brent crude oil futures were at $71.90 per barrel at 0117 GMT, up 32 c

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Long product (TMT Mumbai) prices were up ~2% WoW. Sponge iron prices were also up ~2% WoW, while domestic scrap prices increased ~3% WoW. Pellet and domestic iron ore prices were unchanged.

Crude oil futures fell 0.77 per cent to Rs 4,367 per barrel today as speculators reduced their positions owing to a weak global trend.

Two new price records, all-time high for entire South Indian auctions, were created at Sale No: 15 of Coonoor Tea Trade Association auctions.

The Indian Commodity Exchange (ICEX) today launched 30-cents diamond futures contracts, adding to its existing product basket of 1-carat and 50-cents contracts.

Comex gold futures slipped from their 11-week high on Thursday as the dollar gained and investors booked profits, but geo-political tensions in Syria capped the losses.

Interest rates on bonds have spiked after crude oil prices touched their highest level in four years

Spreading the city's gas network in India. In conversation with PNGRB’s Dinesh Kumar Sarraf.