Page 18 - Brent Crude Oil

Oil price benchmarks fall below $100, first time in almost 3 weeks

Oil prices tumbled more than 6% on Tuesday to their lowest in almost 3 weeks, as Iran nuclear deal hopes rise and growing outbreaks in China make traders worry

Wall Street heads for gains after world shares sink, oil falls about 8%

Wall Street heads for gains after world shares sink Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February. It followed a decision by China's central bank not to ease interest rates to spur economic growth. Futures for the Dow industrials gained 0.3% while futures for the S&P 500 rose 0.4%. Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Germany's DAX and the CAC 40 in Paris both fell 1.2%, while Britain's FTSE 100 declined 0.8%. Anxiety over the war in Ukraine and an upcoming ...

Oil firms amid supply worries, but heads for sharp weekly decline

Brent crude futures climbed $2.48, or 2.27%, to $111.81 a barrel at 0747 GMT after dropping 1.6% in the previous session.

After poll results, market to shift focus back on geopolitics: Emkay

It holds that the strong political outcome for the BJP implies space for policy continuity ahead

Reliance Industries sells CBM gas for over $23; HOEC gets $25

The firm had sought bids at a premium over the base of 13.2 per cent of Brent crude oil prices

Chemical stocks face crude shock amid Ukraine conflict

Among the impacted sectors, after rising Brent crude price, chemicals are reeling under pressure. Their stocks continue to tumble. Should investors lap up shares after this correction or wait?

Analysts caution against betting on crude-dependent chemical stocks

The Russia-Ukraine crisis has sprung up worries for the sector yet again as analysts say margins of chemical companies will be impacted due to the rise in prices of crude oil

Oil prices hit 14-year high on Russia oil ban talks, Iran crude deal delay

Oil prices jumped on Monday to their highest levels since 2008 as US, European allies considered banning Russian oil imports while it looked less likely that Iranian oil would return to global markets

Sensex, Nifty drop over 2.3% as Brent crude oil touches 14-year high

Sensex falls nearly 1,500 points with financial stocks being biggest drag

Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal

Brent, WTI jump to highest since 2008; US, European allies discuss banning imports of Russian oil

Brent tops $130. Fuel hike on cards? Trading strategies for RIL, ONGC, OMCs

ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.

Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows

Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.

ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high

Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.

Soaring crude oil price makes air travel dear

The price of jet fuel hit an all-time high last week after a fifth round of increase this year. The airline industry decided to pass on the burden to fliers with a hike of about 20% in airfares.

Brent Crude goes over $130 per barrel surpassing top 2012 mark

The price of Brent crude oil went over $130 per barrel in the early hours of Monday, surpassing the top 2012 mark of over $128.

Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries

The steep and unprecedented inflationary trend in raw material prices continued to impact the gross margins.

Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts

The Budget and RBI's last policy took a conservative estimate of crude prices $75 per barrel. This is likely to be a challenge going forward, economists say

Brent touches nine-year high of $118, supply issues roil oil markets

Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries

Brent crude breaches $111 mark, highest in 8 yrs, amid Ukraine war

Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday.

ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices

Earnings outlook for upstream PSUs has improved considerably given the recent rise in crude oil prices above $90/bbl mark and expectation of a further steep hike in domestic gas price over H1-H2FY23