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After approaching the Bombay High Court against the exchange for its negative settlement rate on crude April contract, Motilal Oswal Financial Services has stopped offering MCX crude oil contracts to its clients effective Thursday .

Reliance Industry Ltd has cut crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as it joins public sector oil firms in cutting run-rate to align production with a coronavirus-induced slump in... (More)