US crude prices extended losses, heading towards $27 a barrel, as the International Energy Agency (IEA) warned that the oil market could drown in oversupply.
West Texas Intermediate (WTI), the US benchmark, fell to levels last seen in September 2003, touching $27.49.
Prices have crashed about 75 percent since mid-2014, hit by a storm of a supply glut, weak demand, a slowing global economy and a strong dollar.
The oil crisis has caused ructions across global markets. The tumbling prices have also led to major energy firms scaling back or cancelling investment and projects, and laying off thousands of workers.
As per a new study, global warming is heating up the world's oceans at a faster rate over the last two decades as compared to the preceding 130 years.
Scientists have found that half of the global ocean heat content increase since 1865 has occurred over the past two decades.
In recent decades the ocean has continued to warm substantially, and with time the warming signal is reaching deeper into the ocean.
Changes in ocean heat storage are important because the ocean absorbs more than 90 percent of the Earth's excess heat increase that is associated with global warming.
Axis Bank reported a 15 percent rise in net profit for the December quarter.
Total income of the bank rose to Rs. 12,531 crore, from Rs. 10,929 crore in the year-ago period.
In December last year, Axis Bank's portfolio quality deteriorated, with gross non-performing assets (NPAs) rising to 1.68 percent of gross advances as against 1.34 percent in the same quarter of the previous fiscal.
Its net non-performing assets also jumped to 0.75 percent, from the earlier 0.44 percent.
As per a survey, the overall health status of Indians has improved substantially with a sharp decline in key indicators like maternal and child mortality, fertility rate and malnutrition over the past decade.
As per the findings of the survey, the immunization coverage has also increased significantly across the country.
Results for the first phase of the fourth survey, covering 13 states and two union territories, showed these states recorded an infant mortality rate (IMR) of less than 51 deaths per 1,000 live births, with Andaman recording the lowest of 10 deaths and Madhya Pradesh recording 51.