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Oil prices rise amid declining inventories

Published

9 years ago

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New York: Oil prices gained on Wednesday as a government report showed that the US crude stockpiles decreased unexpectedly last week.

The US crude supplies of last week dropped 2.1 million barrels to 455.9 million barrels, 93.6 million barrels more than one year before, according to the weekly report issued by Energy Information Administration (EIA) Wednesday,as per reported.

Inventories at Cushing, Oklahoma, the delivery point for the US contract, lost 1.9 million barrels to 54.5 million barrels.

The US crude production fell 18,000 barrels to 9.117 million barrels a day that week.

Oil markets were also cheered by the gains in global stocks market on Wednesday. Investors were keeping a close eye on the Fed’s two-day policy meeting that began Wednesday, as the Federal Open Market Committee, the policy-setting panel of the Fed, could raise interest rates for the first time in nine years.

All eyes are on Thursday expected statement and press conference.

The West Texas Intermediate for October delivery moved up $2.56 to settle at $47.15 a barrel on the New York Mercantile Exchange, while Brent crude for November delivery increased two dollars to close at $49.75 a barrel on the London ICE Future Exchange.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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