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| The international crude oil market seems to have stabilised at around $ 28-29 a barrel in the past week with marginal price fluctuations.
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| The market is now expected to react only to the decision of the Organisation of Petroleum Exporting Countries (OPEC) on Thursday on the production levels to be maintained by the cartel.
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| However, the market continues to rule high because of the latest US data showing lower than expected stocks of fuel oil. The continuing terrorism in West Asia also affected the sentiment.
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| The international prices of crude in the next fortnight will decide the domestic prices of petrol and diesel which may be revised on December 15.
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| With the election to the four assemblies being concluded, the government would be bolder to effect any increase in the prices of the two auto fuels, if the need arises.
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| The international benchmark Brent (dated) crude, which was hovering at $ 28.99 a barrel on November 27, moved down to $ 28.37 a barrel on December 1, but moved up to $ 29.20 a barrel on December 2.
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| Jet fuel (Singapore), which was being quoted at $ 36.20 a barrel on November 27, moved down to $ 36.18 a barrel on December 1, and touched $ 36.70 a barrel on December 2.
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| Prices of gas oil (Singapore) with 0.5 per cent sulphur, which were ruling at $ 34.15 a barrel on November 27, touched $ 33.38 a barrel on December 1, and moved down to $ 33.08 a barrel on December 2.
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| Naphtha (Singapore), which was being quoted at $ 31.80 a barrel on November 27, touched $ 32.70 a barrel on December 1, and moved down to $ 32.38 a barrel on December 2.
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| Prices of unleaded petrol (fob Singapore), which were ruling at $ 34.70 a barrel on November 27, softened to $ 35.28 a barrel on December 1, and further moved down to $ 34.90 a barrel on December 2. |
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