Oil inventories remain bloated due to the evaporation of demand for gasoline, diesel and other fuels during the initial outbreak.
“With an objective of providing stable and remunerative price to edible oilseed growers of Gujarat and become atmanirbhar in domestic edible oil production as envisaged by Prime Minister Narendra Modi, we are launching a range of edible oil under the Janmay brand,” said RS Sodhi, MD of Amul.
A total of 218,096 shares changed hands on the counter till 11:01AM (IST).
Brent crude futures inched up 3 cents to $43.32, after gaining 0.5% on Wednesday.
Here is how SMC Global expects commodities to fare today.
Brent crude futures fell 13 cents, or 0.3%, to $42.95 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.3%, to $40.52 a barrel.
Demand is still lower than the pre-Covid level and imports for the year would be lower than the previous year.
US West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.30 per cent, to $40.51 a barrel, having fallen to $39.90 earlier in the day.
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