While fuel demand is gradually recovering as lockdown measures ease, a second coronavirus wave could quickly undermine the trend, industry data showed last week

Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6% decline

Global coronavirus cases exceeded 10 million on Sunday as India and Brazil battled outbreaks of over 10,000 cases daily

India's oil imports from Iraq fell by 43% to about 554,000 bpd, the lowest since Oct 2016

In Delhi, petrol saw 35 paise hike, while there was 60 paise per litre increase in diesel prices. Similarly, Mumbai also reported 34 paise hike in petrol, while diesel was hiked by 58 paise

Fuel prices today: In 14 hikes, the petrol prices have gone up by Rs 7.62 per litre and diesel prices ticked by Rs 8.38 per litre.

Reason petrol and diesel prices are rising is because government revenue from other sources has plummeted due to coronavirus lockdown in recent months

On the whole, markets have been sideswiped this week on fresh contagion concerns, prompting some investors to temper their optimism about how quickly the global economy can recover for the pandemic

The move followed a deal struck by the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia to keep production cuts of 9.7 million barrels per day, or 10% of pre-coronavirus world demand, until the end of July

Monday's losses follow a strong rally in global equities since late March, fuelled by central bank and fiscal stimulus and optimism as countries gradually lifted restrictions put in place to curb the spread of the novel coronavirus

\"ISA will also facilitate the One Sun, One World and One Grid global project once India brings out a complete vision\", says Upendra Tripathy, Founding Director General, ISA

Oil prices bounced to three-month highs on Monday after the OPEC+ nations agreed to extend record output cuts of 9.7 million barrels per day into July amid signs of a quicker-than-expected economic recovery

Earlier today, the market opened majorly higher, tracking gains in Asian markets and positivity in US futures. Wall Street closed higher on Friday after jobs data showed an unexpected rise raising hopes that the economy has started to show signs of recovery taking cues from the US jobs data.

Stock Market LIVE Updates: IndusInd Bank, Titan, Axis Bank, SBI, Bajaj Finance, ONGC, ICICI Bank, L&T, HDFC Bank and NTPC were among the rising stocks on BSE Sensex. On the other hand, Sun Pharma and Bharti Aurtel were among the top laggards.

The cull involves farm workers in protective clothing using gas on mink mothers and pups. The bodies will be sent to a disposal plant and the farms will be disinfected

Algerian Oil Minister Mohamed Arkab, the current OPEC president, warned meeting attendees that the global oil inventory would soar to 1.5 billion barrels by the mid-point of this year

Opec+ agreed to cut output by a record 9.7 million barrels per day, or about 10 per cent of global output, in May and June to lift prices battered by plunging demand

Globally, indices turned green as investors turned optimistic over prospects of more government stimulus and eased lockdowns across the world

U.S. West Texas Intermediate (WTI) crude futures gained 68 cents, or 1.9%, at $37.49 a barrel. It rose to as much as $37.88, also the highest since March 6

Stock Market LIVE Updates: Companies set to announce their earnings are Aurobindo Pharma, DCM Shriram, BPCL, Cholamandalam Investment, MAS Financial Services, Duncan Engineering, DISA, Shriram Asset Management among others