Base Oil
Base oil is a refined form of crude oil, primarily used in the production of lubricants, greases, motor oil, and metalworking fluids. Different types of base oi...

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Middle East Tensions Ease as Oil Demand Growth Slows, China’s Impact Falls
Crude oil futures traded higher on Wednesday morning after a sharp decline in the previous session. Brent oil futures (December): $74.47, up 0.30%. WTI futures (November): $70.83, up 0.35%. MCX crude oil futures (October): ₹5,953, up 0.51% from the previous close of ₹5,923. MCX crude oil futures (November): ₹5,931, up 0.58% from the last close of ₹5,897
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Hurricane Milton and Middle East Conflicts Impact Oil Prices
Oil prices steadied in Asian trading on Wednesday as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose by 11 cents, or 0.14%, to $77.29 a barrel by 02:23 GMT. U.S. West Texas Intermediate futures rose by 3 cents to $73.60 a barrel. MCX crude oil prices opened at 6228, with a fall of 0.26%.
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Indian Government Eliminates Windfall Tax on Crude Oil as Global Prices Fall
Oil prices fell on Wednesday and were set to snap a two-session winning streak ahead of a likely interest rate cut by the U.S. Federal Reserve, as weak macroeconomic data weighed on demand despite the potential for more violence in the Middle East.
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