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16 September, 2014 12:07 IST

Source: rss (16-Sep-14)
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Oil prices fell below USD 89 a barrel on Tuesday, logging their first loss in four sessions, with demand concerns festering as wrangling continues in Washington over a deal to avert automatic tax increases and spending cuts next year.

Oil for January delivery fell 59 cents, or 0.7%, to settle at USD 88.50 a barrel on the New York Mercantile Exchange. Later Tuesday, the American Petroleum Institute is slated to release U.S. inventory data.

In Washington, remarks by House Speaker John Boehner and President Barack Obama indicated the Republicans and the White House are not getting closer to reaching a deal to solve the so-called fiscal-cliff situation.

Angel Broking remains bullish on Wipro - 16-Sep-2014 11:37
Richa Industries completes PEB structure in Gujarat - 16-Sep-2014 11:33
Angel Broking remains neutral on Ranbaxy Labs - 16-Sep-2014 11:11
Employee union announces strike at Bosch Bangalore plant - 16-Sep-2014 10:48
State Bank of India cuts deposit rates for 1-3 yrs to 8.75% - 16-Sep-2014 10:05
CARE board declares interim dividend - 15-Sep-2014 20:20
Infosys Foundation launches Spark-IT to enhance skill levels of engineers - 15-Sep-2014 19:20
Persistent Systems inks pact to invest in Altizon - 15-Sep-2014 19:10
Muthoot Fincorp opens Rs 1.50 bn NCD issue - 15-Sep-2014 18:43
Tata Motors global sales fall 9.7% in Aug'14 - 15-Sep-2014 18:34
Ind-Ra downgrades Uttam Galva Steel to 'A-' - 15-Sep-2014 18:22
* Q - Quote , N - News , C - Chart , F - Financials
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