Page 81 - Crude Oil Price

Oil rises after Suez Canal blockage, strong European data

Crude was bolstered by positive economic data as Europe posted a record increase in factory output

Oil extends losses in post-settlement trade on oversupply worries

Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness

Oil tumbles with bearish market structure showing weak demand concern

Futures in New York and London fell as much as 5 per cent, with the prompt spread on both flipping into contango

Rupee rises 3 paise to Rs 72.34 against the US dollar in early trade

The rupee advanced by 3 paise to 72.34 against the US dollar in opening trade on Tuesday, as easing crude oil prices and buying trend in equity markets lifted sentiment. The rupee's gains were, however, restricted as investors turned a bit cautious due to rising US dollar amid foreign fund outflows. At the interbank forex market, the local unit opened flat at 72.37 against the US dollar, then gained some strength to quote at 72.34, a rise of 3 paise over its last close. In the previous session, the rupee had settled at 72.37 against the American currency. Global oil benchmark Brent crude futures fell 0.94 per cent to USD 64.01 per barrel. On the domestic equity market front, the BSE Sensex was trading 90.66 points or 0.18 per cent higher at 49,861.95 in early deals, while the broader NSE Nifty rose 32.10 points or 0.22 per cent 14,768.50. Foreign institutional investors were net sellers in the capital market on Monday as they sold shares worth Rs 786.98 crore, as per exchange ...

Oil steadies but European lockdowns hurt outlook for demand recovery

NEW YORK (Reuters) - Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week's broad sell-off, but prices stayed under pressure as new European coronavirus lockdowns made a quick recovery look less likely.

Oil prices slip as Europe Covid lockdowns dim demand recovery hopes

Germany plans to extend a lockdown to contain Covid-19 infections into a fifth month

Rupee gains 15 paise to end at 72.37 against USD amid easing oil prices

This was also driven by foreign fund inflows

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Fuel prices remain stable for 3 weeks as crude softens, states enter polls

Fuel prices in the country have remained steady for three weeks now as softening crude and upcoming assembly elections in a few states have kept Oil companies from revising the retail prices

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5 per cent, at $63.59 a barrel by 8:20 pm (IST)

Oil hits skids, drops 7% on worsening outlook for coronavirus in Europe

Several large European economies have had to reimpose lockdowns as caseloads rise, while vaccination programs are slowing due to concerns about side effects of the AstraZeneca vaccine

Oil falls over 3% as dollar rises and coronavirus vaccine rollout stalls

Brent futures fell $2.65, or 3.9%, to $65.35 a barrel

Trading strategies for copper and nickel by Tradebulls Securities

For Copper sellers to gain upperhand, they must breach the support of 668 levels

Robust growth trajectory drives gains for Asian Paints

Falling crude oil prices to support margins

Oil prices drop 2% as Covid-19 vaccine halt threatens demand

Brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. U.S. crude fell $1.17, or 1.7%, at $64.22

Crude oil drops as rising stockpiles compound Covid-19 demand concerns

Brent crude was down 49 cents, or 0.7%, at $68.39 by 0433 GMT, having dropped 0.5% on Monday

Brent crude hits $70 as China energy demand outlook brightens

China's industrial output growth quickened in January-February

Inflation woes: Here's how experts have interpreted CPI, WPI numbers

Most experts say the numbers are worrisome and can dent the economic recovery going ahead. Here's how economists at leading brokerages and research houses have interpreted the numbers

Brent crude heads toward $70 as China energy demand outlook brightens

China's industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data rose 15% from the same period a year ago, data showed

Oil settles near $70 a barrel on hopes of recovering demand in second half

Benchmark Brent settled down 41 cents, or 0.6%, to $69.22 a barrel. U.S. West Texas Intermediate crude also ended down 41 cents to $65.61 a barrel.