New Delhi, Jan 13 | Crude oil prices rose on Wednesday, with the Brent crude trading above $57 per barrel, due to decline of stockpiles in the US.
The March contract of Brent crude futures on the Intercontinental Exchange (ICE) is currently trading at $57.37 per barrel, higher by 1.40 per cent from its previous close.
The WTI crude is trading near $54 per barrel. The February contract of WTI futures on NYMEX is current at $53.87 per barrel, higher by 1.24 per cent from its previous close.
According to data from the American Petroleum Institute, crude oil inventory in the US declined by of 5.8 million barrels in the week ending Friday, January 8.
Further, the higher supply cut recently announced by the Saudi Arabia, for the months of February and March also are supporting the crude prices.
Apart from the supply concerns, hope of improved demand on the back of the vaccine rollout across to globe to counter the pandemic also has been supportive for oil prices.
Approximate 200+ 1BHK apartments or flats in Jabalpur available for sale at budget price
As per available data with BhaskarProperty.com approximate 200+ 1BHK Residential Flats for Sale in Jabalpur at a very low price. This is the right time for small property buyer to grab new property in Jabalpur with multiple benefits.
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1BHK apartment’s starting price in Jabalpur is 12.0 Lac*
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Most preferred residential location in Jabalpur
The most preferred residential locations in Jabalpur are Civil Lines, Vijay Nagar, Kachnar City, Napier Town, Wright Town, Lekha Nagar, Sadar, Sneh Nagar, Hathital and many more.
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