Page 18 - Brent Crude Oil
Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%
CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance
 "Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%")
Oil prices fall on worries of US rate hikes, China demand outlook
Brent crude fell $3.08 to settle at $89.78 a barrel, down 3.3%. U.S. West Texas Intermediate (WTI) crude slid $3.95, or 4.6%, to settle at $81.64 per barrel.
 "Oil prices fall on worries of US rate hikes, China demand outlook")
Oil falls as Russian shipments via Druzhba pipeline to Hungary restart
In China, rising Covid-19 cases weighed on sentiment after an easing of virus restrictions this week
 "Oil falls as Russian shipments via Druzhba pipeline to Hungary restart")
Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%
CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent
 "Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%")
MCX Crude Oil may turn rangebound; Natural Gas tests key support at Rs 520
The MCX Crude Oil futures are likely to trade in a broad range of Rs 6,900 - Rs 7,770 in the near term. Natural Gas futures can pullback to Rs 580, is support at Rs 520 is sustained.
 "MCX Crude Oil may turn rangebound; Natural Gas tests key support at Rs 520")
Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts
The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022.
 "Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts")
Analysts expect fuel prices to go up if global prices rise further
Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday
Global factors, macroeconomic data to drive markets in week ahead: Analysts
Movement of the rupee and Brent crude oil will also remain in focus this week, added analysts
 "Global factors, macroeconomic data to drive markets in week ahead: Analysts")
Brent crude falls 3% on demand concerns, strong USD as Fed decision looms
Crude has dropped substantially after a surge close to its all-time highs in March after Russia's Ukraine invasion added to supply concerns, pressured by the prospects of recession and weaker demand
 "Brent crude falls 3% on demand concerns, strong USD as Fed decision looms")
BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri
The government currently owns a 52.98 per cent stake in BPCL. It had sought to sell its entire stake in the disinvestment process
 "BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri")
Opec+ to cut crude oil output by 100k barrels per day from October
In a step that may increase prices in India, the group has decided to reduce output quotas for October, after a fall in global oil demand outlook.
 "Opec+ to cut crude oil output by 100k barrels per day from October")
OPEC-plus agrees to make token supply cut for Oct to steady oil market
The group will reduce production by 100,000 barrels a day next month, taking supplies back to August levels, it said in a statement
 "OPEC-plus agrees to make token supply cut for Oct to steady oil market")
Oil prices fall 3% on recession fears; China factory data disappoints
Brent crude futures for October, due to expire on Wednesday, were down $3.56 at $95.75 a barrel following Tuesday's $5.78 loss
 "Oil prices fall 3% on recession fears; China factory data disappoints")
Brent crude stable as market juggles inflation woes with supply fears
Brent crude futures for October settlement fell 9 cents to $105 a barrel by 0841 GMT, after climbing 4.1% on Monday, the biggest increase in more than a month
Sensex reclaims 60,000 mark. What should your market strategy be now?
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
 "Sensex reclaims 60,000 mark. What should your market strategy be now?")
Barclays sees crude oil surplus in near-term, cuts Brent price view
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies
 "Barclays sees crude oil surplus in near-term, cuts Brent price view")
TMSEp231: PDP Bill 2019, TV in digital age, oil prices, capital gains taxes
Why does India not have a data protection bill yet? How is TV adapting to the digital age? Where are oil prices headed? What are short- and long-term capital gains taxes? All answers here
 "TMSEp231: PDP Bill 2019, TV in digital age, oil prices, capital gains taxes")
Where are Brent crude prices headed?
Prices of Brent crude oil are coming down. On Wednesday, OPEC+ decided to hike output by 100,000 barrels per day. Are they headed lower in the days to come? Let us find out
 "Where are Brent crude prices headed?")
Brent crude hits pre-Ukraine invasion lows on account of recession fears
Brent hit a low of $93.50, the lowest since Feb. 21 while US crude touched its lowest since Feb. 3 at $87.97
 "Brent crude hits pre-Ukraine invasion lows on account of recession fears")
Brent crude settles below $100/bbl on higher dollar, weak demand outlook
Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, Covid-19 curbs in China
 "Brent crude settles below $100/bbl on higher dollar, weak demand outlook")