Page 18 - Crude Oil Price

Crude oil prices hit 2-week lows; how to trade, key levels to watch today?

Crude oil outlook today, Aug 20: Oil prices tumbled to two-week lows on Tuesday morning in Asian trade with WTI future trading down 0.4 per cent

Oil prices falls 2% on Gaza ceasefire talks, weak Chinese economy

US Secretary of State Antony Blinken on Monday said the latest diplomatic push by Washington to achieve a ceasefire deal in Gaza was "probably the best, maybe the last opportunity"

Rupee remains flat at 83.94 against US dollar in early trade today

The Indian rupee turned flat at 83.94 against the US dollar in early trade on Friday amid concerns over elevated crude oil prices and the outflow of foreign capital from domestic equity markets. However, a positive sentiment in the domestic as well as global equity markets and a weak American currency supported the rupee, forex traders said. At the interbank foreign exchange, the rupee opened at 83.93 and slipped further to trade at its previous session's closing level of 83.94 against the greenback. On Wednesday, the rupee settled 3 paise higher at 83.94 against the US dollar. The forex markets were closed on Thursday on account of the Independence Day. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.01 per cent at 102.80. Brent crude, the global oil benchmark, declined 0.25 per cent to USD 80.84 per barrel. On the domestic equity market front, Sensex surged 811.34 points, or 1.03 per cent,

Oil prices rise as US rate cut optimism outweighs slower demand concerns

Brent crude futures were up 70 cents, or 0.9 per cent, at $80.46 a barrel at 1222 GMT, recovering some of the previous day's losses

Brent oil broadly steady at $80 as fears over West Asia conflict ease

Brent crude futures slipped 10 cents, or 0.1 per cent, to $80.59 a barrel by 1057 GMT. US West Texas Intermediate crude futures were down 19 cents, or 0.2 per cent, to $78.16 per barrel

RIL to use naphtha supplies as partial payment for Venezuela crude: Reports

Reliance, which operates the world's biggest refining complex, plans to supply naphtha, a refined product, from the US to partly pay for its Venezuelan oil purchases

Crude Oil prices down 9% in 5 weeks on growth worries; outlook stays tepid

The overall sentiment in oil remains bearish and we expect prices to see further sell towards the support of $70 and $68 per barrel, says Mohammed Imran of Sharekhan by BNP Paribas.

Oil prices bounce back from multi-month lows on West Asia tensions

Both oil benchmarks broke a three-session declining streak on Tuesday, and tensions in the Middle East continued to stoke supply concerns in Wednesday's trading session

Oil prices settle at 8-month low after disappointing US job numbers

US job growth slowed more than expected in July and unemployment increased to 4.3 per cent, pointing to raising fears of a possible recession

Rupee turns flat at 83.73 against US dollar amid high crude oil prices

The rupee turned flat at 83.73 against the US currency on Friday amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, the Indian currency found support due to softening dollar against major rivals following the US Federal Reserve's decision to maintain the status quo on interest rates and some inflow of foreign capital into Indian equities. At the interbank currency exchange, the domestic currency opened at 83.74 and inched up to trade at 83.73 against the dollar, the previous day's closing level. On Thursday, the rupee declined 5 paise to settle at 83.73 against the US dollar. Anand James, Chief Market Strategist, Geojit Financial Services, said the rupee's weakness was capped by "a likely intervention from the Reserve Bank of India, which sold dollars through state-run banks". "The next key US economic release is the July jobs report, expected on Friday," he added. Meanwhile, the dollar index, which gauges the greenback's str

Govt decreases windfall tax on petroleum crude to Rs 4,600 per tonne

The SAED on the export of diesel, petrol and jet fuel or ATF has been retained at nil

Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250

Oil prices could fall back to early June level of $72.50 as demand side fundamental are looking weak due to abysmal economic performance of China, says technical analyst Mohammed Imran.

Crude oil strategy for Budget 2024 day: WTI eyes breakout, next target: $82

Budget 2024-25: How to trade WTI crude oil today? Find out strategy, key levels here

Oil price continues to drop amidst growing ceasefire hope, demand concerns

War in Gaza has lent support to oil prices as investors priced in the risk of potential disruptions to global crude supply in the key producing region of the Middle East, but peace now seems close

Rupee settles at fresh closing low of 83.66 against the US dollar

Market participants said that the Reserve Bank of India intervened in the foreign exchange market via dollar sales, which prevented the rupee from further depreciation

Oil holds ground as dollar gains and Chinese demand concerns weigh

Oil market is also broadly underpinned by supply cuts from OPEC+ group of producers, as Iraq's oil ministry said at the weekend that it will compensate for overproduction since the beginning of 2024

Reliance Industries' subsidiary Ethane plans over $500 mn offshore loan

In 2016, Reliance Ethane had raised a loan of $572 million with a 12-year tenor to purchase six new ethane carriers

Crude Oil remains in 'buy on dips' mode; US CPI inflation data eyed

US June CPI will be out tonight, and consensus is looking for a 0.2 percent monthly rise and 3.4 per cent annual gains in the crucial monthly core CPI reading.

Gold prices show bullishness, Crude oil bearish; check trading strategy

Oil prices fell 1 per cent to $82.33 amid easing supply disruption concerns from Gaza ceasefire hopes and Hurricane Beryl's impact

Crude Oil prices may decline further, test $80-mark; China demand a concern

Weakness in crude demand in China, the world's second-largest crude consumer, is bearish for oil prices, said analyst at Sharekhan by BNP Paribas.