Page 19 - Crude Oil Price

Rupee rises 5 paise to 83.44 against US dollar as crude prices come down

The rupee appreciated 5 paise to 83.44 against the US dollar in early trade on Monday, as the American currency and crude oil prices retreated from their elevated levels. Forex traders said foreign fund inflows also aided investors' sentiments and supported the rupee. At the interbank foreign exchange market, the local unit opened at 83.45 and gained further to 83.44 against the greenback, registering a rise of 5 paise from its previous close. On Friday, the rupee settled at 83.49 against the US dollar. According to CR Forex Advisors MD Amit Pabari the Reserve Bank of India (RBI) seems determined to prevent the rupee from depreciating below 83.70. Even with pressure from oil companies due to elevated oil prices. "Overall, positive economic indicators such as a good growth rate, stable inflation, a reduced fiscal deficit, record-high RBI forex reserves, and a pipeline of inflows are all supportive factors that should ideally bolster the rupee," Pabari said, adding that given these

Asia shares inch higher as investors confident about US Fed's Sept rate cut

Oil prices gained on strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes

Oil prices on track for fourth straight week of gains as demand rises

With the U.S. market shut on Thursday for the Independence Day holiday, trading was thin and there was no settlement for WTI, but prices have risen this week on strong summer demand expectations in US

Prices for Brent crude above $87, sets highest levels since April

In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. WTI, meanwhile, had settled at an 11-week high of $83.88

As Iran votes for new President, rise in gasoline prices may spark protests

As Iran's runoff presidential election nears, comments by an official in the campaign of reformist Masoud Pezeshkian raised the possibility of his government increasing government-set gasoline prices a move that has sparked nationwide protests in the past. While still tentative, economists long have warned Iran needs to overhaul its system of subsidies, estimated to cost the Islamic Republic tens of billions of dollars a year. In 2019, a similar hike triggered mass demonstrations and a bloody crackdown that grew even more intense after the 2022 protests over the death of Mahsa Amini. On Saturday, Pezeshkian campaign head Ali Abdolalizadeh told journalists that his possible presidency would see price hikes for fuel and other items handled without any outcry. Don't worry, petrol at any ... price, you will see that it would be allowed with calmness and cooperation by the people, Abdolalizadeh said. Hard-liners immediately accused Pezeshkian of planning to increase fuel prices by a ..

Cash-rich commodities traders snapping up refineries from Big Oil

Oil majors are also under pressure from institutional investors to cut emissions

Crude Oil prices may retreat; test support at $82-80 per barrel

Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.

Crude Oil: Check key trading strategy on July 02, target price and more

Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl

From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June

Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now

From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June

Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now

Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi

On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said

Crude prices may remain higher at $85-100 in short term: S&P Global

OPEC countries have enough oil which can potentially cap any sharp price increases

Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700

WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand

Oil outlook, June 27: Oil a 'buy on dips' bet; MCX Crude support at Rs 6700

WTI/MCX crude oil outlook today: The overall weekly inventory report is disappointing as it is indicating slowdown in the US consumer/industrial demand

WTI Oil strategy, June 25: Outlook bullish on tight supply; Support at $77

Crude oil strategy: Crude remains on track for a monthly gain. The immediate support for WTI remains at $ 78.78 (50-DMA) and short-term support stays at $77.13 (200-DMA)

Asian shares subdued, yen at record lows; treasuries little changed

Oil prices were flat for the day. Brent futures held at $85.95 a barrel while US crude was little changed at$81.60 a barrel

Brent oil futures stable above $85 a barrel ahead of US inventory data

Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista

WTI crude oil to stay rangebound within $78-$83; check strategy for June 20

Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term

Oil up after Fed comments, expected US crude stockpile drawdown: Report

Prices extended gains on Tuesday after the New York Federal Reserve President John Williams said interest rates will come down gradually over time

Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200

The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel