Crude oil prices went up on Tuesday, August 19, as a declining dollar propelled investors to buy commodities as inflation hedges.

On the New York Mercantile Exchange (NYMEX), light, sweet crude for next month (September 2008) delivery climbed up $1.66 to settle at USD 114.53 per barrel.

On the other hand, gasoline futures surged 4.87 cents to settle at $2.639 per gallon, while the retail price of a gallon of regular gas was $ 3.73.

Heating oil futures also witnessed an increase of 3.89 cents to settle at $3.1237 per gallon at the NYMEX.

Stock market analysts have maintained ‘buy’ rating on Suzlon Energy Ltd stock with an intraday target of Rs 242.

According to them, interested traders can purchase the stock above Rs 238 with a strict stop loss of Rs 232. If the stock market remains on positive track, the next target will be above Rs 244.

Shares of the company, on Tuesday (Aug 19), closed at Rs 238.05 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 764940. Current EPS & P/E ratio stood at 8.45 and 28.17 respectively. The share price has seen a 52-week high of Rs 460 and a low of Rs 174.50 on BSE.

A review of Oil PSUs will be undertaken by the Union Minister of Petroleum and Natural Gas Murli Deora along with the Chief Executive Officers (CEOs) of the Oil PSUs.

During the review, Minister of State for Petroleum and Natural Gas Dinsha Patel and Petroleum Secretary R.S. Pandey would also be there to discuss the working of the PSU, challenges & problems faced by them and many other various issues.
 

New Delhi, Aug 19: Union Minister of Petroleum and Natural Gas Murli Deora will meet Chief Executive Officers (CEOs) of oil PSUs here today to review PSU working and to discuss various issues, challenges and problems faced by them.

Minister of State for Petroleum and Natural Gas Dinsha Patel and Petroleum Secretary R. S. Pandey will also be present in the meeting.

The meeting would specially focus on the distribution of petroleum products in the country.

Vienna - The price for crude oil produced by the Organizati