Oil costs dropped sharply on August_04 2011

Oil costs dropped sharply on August_04 2011, because worldwide development concerns increased demand worries. Oil expanded losses in Asian_electronic trade on August 05, 2011. United states crude futures for Sep 2011 delivery were decrease 85 cents or 0.99percent at $85.78 a barrel.

jet fuel comprises greater than 50% of working cost for airliners. Costs of jet energy are straight connected to crude oil costs. State_run oil marketing firms–Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan Petroleum Corporation change jet fuel costs on the first and 16th of each month depending on the average worldwide crude cost in the preceding fortnight

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