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Hot Commodities: Oil slumps as Saudi adjusts price target, global demand worries linger

26-Sep-24 13:07 Hrs IST

Crude oil futures tumbled to near $67 per barrel levels, continuing the near 3% slide from the previous session. The market reacted to Saudi Arabia easing its crude price target in preparation for a production boost, while Libya's steps towards resolving its oil revenue crisis added further pressure. Demand concerns, particularly from China, remain despite recent monetary measures aimed at reviving activity. On the supply side, EIA data showed a larger-than-expected draw in US crude stocks of 4.5 million barrels, while escalating tensions in the Middle East keep supply risks in focus. MCX crude oil futures slumped by more than 2% and was recently seen trading at Rs 5709 per barrel.

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1	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
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3	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
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6	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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