Oil gains as optimism grows economic impact of coronavirus outbreak may be brief; OPEC likely to hike supply cuts
Brent crude was up by 59 cents, or 1 percent, at $58.34 a barrel, while US oil was up 55 cents, or 1.1 percent, at $52.60 a barrel.
Naresh Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51 percent stake in the airline
Tehran has emerged as a key sticking point for a deal but the difficulties were now in the past and OPEC was refocusing on talks with non-member producers led by Russia to reduce supplies.
Rupee tanks 37 paise to land up at fresh lifetime low of 71.58 against US dollar on persistent trade worries and macro concerns
The rupee stretched its record fall for the fifth-straight session even as the RBI remained mostly on the sidelines, currency market participants said.