Page 58 - Crude Oil Price

Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate

The MCX Crude Oil futures may test Rs 7,540-odd level this week; while on the upside MCX Natural Gas May futures are likely to face resistance around Rs 590.

India's fuel sales moderate in April, fall 4% MoM at 18.6 mn tonnes

(Reuters) - India's fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity

Oil prices drop with demand outlook pressured, strong dollar

HOUSTON (Reuters) - Oil prices fell $1 on Tuesday, with the demand outlook pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.

Wall Street set to open higher, oil prices extend losses for second day

European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets

MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.

In a first, RBI may have to explain to govt why it couldn't curb inflation

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up

Oil extends gains on Russia-Europe tension, China stimulus hopes

Brent crude futures rose $1.11, or 1.1%, to $106.10 a barrel by 0019 GMT. U.S.

MCX Crude Oil futures can rally up to Rs 8,300; Key levels to watch out

The bias is likely to remain bullish as long as Crude Oil futures sustain above Rs 7,830, below which the next crucial support is at Rs 7,730.

FII ownership of NSE 500 stocks at 3-year low: BofA Securities

Given the multiple headwinds, BofA Securities expects markets to be sideways the near-term given inflation impacting volume growth and margins across several sectors

Oil extends losses on weaker growth concerns and Shanghai lockdown

Ongoing support is provided by supply tightness after disruptions in Libya, which is losing 550,000 barrels per day (bpd) of output

Valuations, sharp rise in oil made FPIs nervous since October: Jefferies

In the last six months, the S&P BSE Sensex and the Nifty have slumped around 7 per cent each as foreign investors dumped Indian stocks across the board

Brent crude dips 3.4% to $109.22 as IMF cuts global growth outlook

Brent crude was down $3.94, or 3.4%, to $109.22 a barrel at 1338 GMT, having risen more than $1 to $114.21 earlier in the session

Global oil prices rise as Libya outages add to Russia supply fears

Adding to supply pressures from sanctions on Russia, Libya's National Oil Corp on Monday warned 'a painful wave of closures' had begun hitting its facilities

WPI inflation hits 4-month high in March as crude, commodity prices spike

As per the government data released on Monday, WPI inflation has remained in double digits for the 12th consecutive month beginning April 2021

Oil prices edge higher ahead of long weekend on Russian supply woes

Brent futures were up 42 cents, or 0.4%, at $109.17 a barrel, while US West Texas Intermediate futures were 23 cents or 0.22% higher at $104.39 a barrel at 1223 ET or 1622 GMT

Oil extends gains with falling supplies in focus as Ukraine talks fail

Russian President Vladimir Putin on Tuesday blamed Ukraine for derailing peace talks and said Moscow would not let up on what it calls a 'special operation' to disarm its neighbour

Global shares pause on inflation view; oil steady on Ukraine talks

In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low

ONGC, Oil India gain 3% in tandem with crude oil prices

Crude oil prices increased around 6 per cent on Tuesday amid news reports of lower supply by oil producers and easing of lockdown restrictions in parts of China

MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13

MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.

RBI monetary policy review: FY23 inflation projections raised to 5.7%

The projection on inflation is based on the assumption of international crude oil prices of the Indian basket remaining at $100 billion a barrel