Page 15 - Crude Oil Prices

Oil prices climb above $120/barrel ahead of EU meeting on Russia sanctions

The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT.

Crude economics

India needs deeper fiscal reforms

Investors poorer by Rs 7 trn as Sensex crashes 1,416pts; Nifty holds 15,800

CLOSING BELL: The Nifty IT index plunged 6 per cent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".

Rupee hits another all-time low of 77.56/$ amid high crude oil prices

Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.

Oil steadies near $110/bbl; strong US dollar offsets supply worry

Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation

Oil slips on China demand concerns while EU weighs Russia oil ban

Both benchmark contracts rose more than 40 cents on Monday and extended those gains modestly in early trade on Tuesday

Crude oil prices rise modestly as concerns over supply risks arise

The West Texas Intermediate (WTI) for June delivery added 48 cents, or 0.5 per cent, to settle at 105.17 US dollars a barrel on the New York Mercantile Exchange

Oil falls on China growth concerns even as EU weighs Russia import ban

Prices fell after China released data on Saturday showing that factory activity in the country contracted for a second month to its lowest since February 2020 because of Covid lockdown

Oil fall as China fuel demand concerns linger due to Covid restrictions

Brent crude futures had fallen 62 cents, or 0.59%, to $104.70 a barrel by 0712 GMT. U.S. West Texas Intermediate crude futures slipped 48 cents, or 0.47%, to $101.54 a barrel

Oil prices bounce back from sharp drop on China demand concerns

Brent crude futures were at $102.57, up 25 cents, or 0.2% and U.S. West Texas Intermediate contracts climbed to $98.70, up 16 cents, or 0.2% at 0002 GMT

Bond yields fall 14 bps on less hawkish stance by monetary policy committee

Fall in global crude oil prices also leads to a sharp decline in bond yields

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine

Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out

The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.

Markets not fully pricing in possibility of higher inflation: Analysts

India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.

Oil prices rise on supply concerns as Russia-Ukraine crisis deepens

Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures rose 98 cents, or 0.9%, to $107.93 a barrel

Top headlines: TCS Q4 net profit rises 7%; Shehbaz Sharif new Pak PM

Shehbaz Sharif, the Pakistan Muslim League-Nawaz (PML-N) president, was elected unopposed as the new Prime Minister of Pakistan by Parliament on Monday

Oil drops below $100 on reserves release and China lockdowns

IEA members to release 60 mn barrels over 6 months; US producers added 13 oil rigs in week to April 8

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

Indian Oil to raise petrol, diesel prices by 80 paise per litre from Friday

A litre of petrol will cost Rs 97.81 rupees while diesel will be sold at Rs 89.07 in Delhi

Foreign investors likely to return to Indian equities soon: Chris Wood

Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)