Page 19 - Crude Oil Prices

Oil rises after sharp fall in US crude inventories indicating demand rise

Oil prices rose after an industry report showed crude inventories in the US fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.

Oil prices slip as weak Japan data exposes market jitters over weak demand

Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday's 92-cent gain

The myth of the rational voter

Conditions exist in India today to test the theory that voters reward performance and punish failure

Oil prices slide on concerns about patchy demand recovery, record US stocks

Brent crude futures fell 2.0%, or 85 cents, to $40.88 a barrel, also giving up gains from Wednesday

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

Bharat Petroleum Corp makes a loss of Rs 2,958 crore in Q4

As crude oil prices tanked globally, owing to a slowdown in industrial activity and demand, BPCL was forced to value finished goods inventory and raw materials at below cost.

India saves Rs 5000 cr in forex after capitalising on global low oil prices

State-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

IndiGo: Near term outlook to be tough; weak demand, higher costs to weigh

The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth

Metals, crude prices surge on gradual unlocking of global economy

Stronger manufacturing data from China supports upswing

Experts urge govt to lock in crude oil purchases as prices start rising

They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision

Covid-19 impact: Centre releases truncated WPI inflation data for April

Reports 10.12% deflation in fuel, power basket

OMCs tank as govt raises excise duty on petrol, diesel; HPCL, BPCL dip 10%

The price hike will be absorbed by oil marketing companies against the fall in crude prices.

Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

US oil fund had $726 million in unrealised losses before April: Report

The $3 billion exchange-traded product, known as USO, revealed on Tuesday that it had an unrealized loss of $726 million at the end of March

Despite rebound, airline stocks to underperform; investors advised caution

Even as costs are lower, demand weakness likely to keep airlines in the red for most of FY21

In a locked-down world, investment bankers ensuring the show goes on

Billion-dollar deals aplenty for right business

US oil futures continue to tread in negative territory, Brent plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity

One rupee: The interim price at which MCX settled April crude oil contract

Brokers urge exchange and Sebi to work out an amicable price, as over 11,000 lots of open interest in the April contract were standing and couldn't be carried forward or squared off yesterday

Boon and bane: 6 ways in which lower oil prices will impact Indian economy

Prices are unlikely to breach the $40-a-barrel, and even when the world has fixed the disease it may double down on kicking its oil habit. Six factors that help and hurt India when oil is in plenty

Global stocks jump on coronavirus slowdown hopes; oil slips on supply fears

Equity investors took solace as the death toll from the coronavirus slowed across major European nations including France and Italy