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Brent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barrel.
Global oil prices rose above $100 a barrel on Wednesday as a strengthening storm in the US Gulf of Mexico raised concerns about disruptions to oil and gas production, while renewed tensions in the Middle East added to supply worries.Brent crude futures rose 93 cents, or 0.92%, to $101.51 a barrel, w
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.