Page 50 - Crude Oil Price

Indian markets log new highs even as global peers stare at losses

Experts say gains by Indian equities will be steady if is no crude oil price surge

Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750

CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.

Oil up as US crude stocks seen falling, OPEC+ concerns limit gains

Brent crude futures firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 80 cents or 1.02% to $79.00 per barrel

Crude oil prices can rise up to $110 a barrel in 2023, say analysts

Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply

India panel to favour linking local gas prices to crude basket: Report

In September India set up a panel headed by energy expert Kirit Parikh to review the India's gas pricing formula to ensure fair prices to consumers

Oil prices slide on concerns over China's demand amid Covid curbs

Brent crude futures fell 45 cents, or 0.5%, to trade at $82.74 a barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 51 cents, or 0.7%, to $76.73 a barrel

Stocks, oil skid sharly today as China's Covid protests roil sentiment

China, the world's top oil importer, has stuck with zero-Covid policy even as much of the world has lifted most restrictions

Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500

CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls

As Russia becomes India's premier oil supplier, Saudi is not losing sleep

Despite losing its place to Russia in India, the world's third biggest oil importer, the kingdom is confident it holds the cards for crude supplies in the long term

Rupee falls 18 paise at 81.85 against dollar amid recovery in crude prices

The rupee depreciated 18 paise to close at 81.85 (provisional) against the US dollar on Wednesday on dollar demand from importers and recovery in crude oil prices. Forex traders said sustained foreign fund outflows and concerns over rising COVID-19 cases in China also weighed on investor sentiments. At the interbank foreign exchange market, the local unit opened at 81.81 and later witnessed an intraday high of 81.74 and a low of 81.87 during the session. The domestic unit finally settled at 81.85 against the American currency, registering a fall of 18 paise over its last close of 81.67. "Indian Rupee depreciated on Dollar demand from importers and recovery in crude oil prices. FII outflows also weighed on Rupee," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. However, the soft US Dollar and positive domestic markets cushioned the downside. The US Dollar declined on Tuesday on hopes that the Fed may cool down its pace of rate hikes. The dollar index, which gau

Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support

On the upside, the MCX Crude Oil December futures can test Rs 7,200 to Rs 7,400 levels during the consolidation phase.

Sensex snaps 3-day losing streak, rises 274 pts; Paytm slumps 11%, PSBs up

CLOSING BELL: Shares of Paytm hit an intra-day low of Rs 474 apiece, and ended at Rs 475.

Sensex, Nifty recoup losses, end flat; auto stocks dip, PB Fintech gains 8%

CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.

Higher crude realisations have analysts upbeat on ONGC, Oil India

ONGC reported standalone earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 18,810 crore

Pvt banks, IT drag Sensex 230pts down, Nifty below 18,350; Paytm tanks 10%

CLOSING BELL: Among the Sensex 30 shares, Titan, M&M, Maruti, HDFC and Bajaj Finserv were the major per centage losers.

Are OMC stocks a good bet at the current levels?

Geopolitical tensions have pushed the prices of brent crude oil by 13% in the last one year. Find out the scenarios that may play out in the oil market next year, and what it means for investors

Analysts see pressure on RIL, OMC's profitability amid firm oil prices

Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that the OPEC is looking to defend price, they said

ONGC Q2 profit tumbles 30% to Rs 12,826 crore on windfall tax woes

Profit fell 15.6 per cent over the preceding June quarter when it had reported a net of Rs 15,205.85 crore