Meanwhile, global oil benchmark Brent crude was trading 1.49 per cent higher at USD 40.20 per barrel. “As compared to Q1 2020, India moves down 11 spots in the global index, from 43rd rank to 54th rank in Q2 2020,” Knight Frank said. “Still, the support is limited as oil prices came off quickly after the first hurricane passed, with energy companies being able to make proper preparations ahead of time,” Sunward's Chen said. Brent crude futures, the global oil benchmark, fell 0.08 per cent to USD 39.58 per barrel." China, where the coronavirus surfaced in December, is seen bucking the trend as the ADB kept its 2020 growth forecast at 1.8%.

Source: The Hindu September 15, 2020 03:55 UTC