Page 18 - Brent Crude Oil

Oil prices slip, Brent falls toward $80/barrel ahead of Opec+ meeting

Brent crude futures fell 42 cents, or 0.5%, to $80.16 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude futures were at $75.05 a barrel, down 49 cents, or 0.7%

Brent crude oil hovers around $80 after this week's downward spiral

Earlier in the week customs data showed that China's total exports of goods and services contracted faster than expected

A tough second half for oil marketing companies due to surging crude prices

Most commodity traders are betting energy prices will remain high

Brent hits $93 as escalating Middle East conflict heightens supply concerns

"This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM

RIL, ONGC: Keep stocks of these oil explorers on radar as crude prices soar

Charts suggest that shares of oil exploration companies can rally over 16 per cent from present levels.

Israel-Hamas conflict: India's hope of respite in oil prices dashed

The Indian crude oil basket, a mix of Gulf sour and Brent sweet grades, averaged $93.54 a barrel last month

Oil India rallies to 8-year high, nears fresh peak as crude price rebounds

Thus far in the calendar year, the stock price of OIL has rallied 51 per cent as compared to a 7.4 per cent rise in the S&P BSE Sensex

Sensex down 316pts, Nifty below 19550 amid global selling; JSW Infra up 32%

Closing Bell on October 3, 2023: In the broader markets, the key indices outperformed the frontline indices with the BSE MidCap index gaining 0.09%, and the BSE SmallCap index advancing 0.6%

Impact check: Higher crude oil prices threaten India Inc's profit margins

Weak demand, global slowdown add to their woes

Brent oil prices top $94 a bbl, up for a third week on supply curbs

The International Energy Agency and Organization of Petroleum Exporting Countries both warned this week that the market would be in deficit through year-end

Brent holds above $90; markets await data for clues on Fed, ECB outlooks

The Federal Reserve is widely expected to leave interest rates unchanged at a policy meeting next week, though views are split over whether the Fed will hike or pause again in November

Oil prices may remain on the boil amid strong demand, supply cuts

Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December

Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

Bears may tighten grip on OMC stocks as Crude Oil trades at 6-week high

OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.

Q1 earnings, global trends, FII activity to guide mkts this week: Analysts

Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Institutional activity will also have a significant impact on market trends, Gour added. Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries. "Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic ...

Brent crude oil prices steady as economic fears offset supply cuts

The Brent benchmark was down 12 cents, or 0.2%, at $76.13 a barrel by 1205 GMT after falling more than $1 in early trade and then briefly turning positive. The benchmark closed with a $1.60 gain

BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track

These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.

Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts

On Monday, the MCX Crude Oil futures were seen trading above the 100-DMA for the first time in more than six months. Sustained trade above Rs 6,350 can help the trend turn favourable for Crude Oil.

BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs

BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.

Russia price caps spur India interest in naphtha, fuel oil, but not diesel

India's interest in ramping up Russian oil products imports comes after the world's third largest crude importer became Moscow's top oil client after China as the West shunned supplies from Moscow