Oil prices rose more than 4 per cent Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories.

Oil climbs 4% despite rise in US inventories

Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.

Oil falls below $62, weekly loss on China virus concerns imminent

Saudi Arabia wants to forge strong ties with India. This is a relationship rooted in the realm of political and economic realities. Truth be told, strong ties will benefit both sides.

Strong ties will benefit both India and Saudi Arabia

The NSE Nifty was up by 43.30 points or 0.41 per cent to 10.485.50

Sensex rises 158 points in early trade