Crude oil traded higher as global oil prices rose more than 1 per cent.
The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Fatih Birol said.
Guar seed delivery for July contracts strengthened by Rs 52.5 to Rs 4,320 per 10 quintal.
The bank cut its 2019 Brent and U.S. West Texas Intermediate (WTI) price forecasts by $2 to $69 per barrel.
Around 11:40 am, MCX Mentha oil was at Rs 1,279 per kg, down by Rs 13.70, or 1.06%.
US West Texas Intermediate crude futures were down 8 cents, or 0.1 per cent, at $56.7.
In the overhauled policy, more importance has been given to work programmes rather than revenue shared with the government.
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