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Page 5 - Oil Prcies

Petrol, diesel prices may not fall despite 30% dip in global crude price

In a bid to recover past losses the state-run oil companies may not immediately lift the six-month-long freeze on daily pricing of automobile fuel rates despite a nearly 30% decline in prices

Petrol, diesel prices may not fall despite 30% dip in global crude price
Updated On : 04 Oct 2022 | 12:16 PM IST

Rupee sheds 53 paise on crude oil price spike; bond yields jump

Dealers say it's because of delay in index inclusion

Rupee sheds 53 paise on crude oil price spike; bond yields jump
Updated On : 03 Oct 2022 | 11:27 PM IST

Oil plunges to 8-months low on strong dollar, looming recession fears

Oil prices plunged about 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession

Oil plunges to 8-months low on strong dollar, looming recession fears
Updated On : 24 Sep 2022 | 9:42 AM IST

Oil up by 1% to $94.10 a barrel on supply concerns, expected fuel switching

Brent crude futures settled up 93 cents, or 1%, at $94.10 a barrel, while U.S. West Texas Intermediate crude ended $1.17, or 1.3%, higher at $88.48.

Oil up by 1% to $94.10 a barrel on supply concerns, expected fuel switching
Updated On : 15 Sep 2022 | 6:56 AM IST

Oil prices tumble 2%, reversing gains after bearish US economic data

U.S. commercial oil stocks were forecast to have risen 800,000 barrels during the same week, analysts forecast in a Reuters poll

Oil prices tumble 2%, reversing gains after bearish US economic data
Updated On : 13 Sep 2022 | 11:03 PM IST

Oil price rises after Russia's Putin threatens to halt energy supply

Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources

Oil price rises after Russia's Putin threatens to halt energy supply
Updated On : 07 Sep 2022 | 6:55 PM IST

Oil prices jump nearly 4% on Tuesday on OPEC+ supply tightening fears

Underlining tight supply, the latest U.S. inventories weekly reports are expected to show crude stocks declining 900,000 barrels last week

Oil prices jump nearly 4% on Tuesday on OPEC+ supply tightening fears
Updated On : 24 Aug 2022 | 8:27 AM IST

Oil prices head for biggest weekly climb since April on supply halts

The International Energy Agency boosted its forecast for global demand growth as soaring natural gas prices and heat waves spur demand

Oil prices head for biggest weekly climb since April on supply halts
Updated On : 12 Aug 2022 | 11:40 PM IST

Oil prices slip as US crude stockpiles rise, eyes on US inflation data

Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Oil prices slip as US crude stockpiles rise, eyes on US inflation data
Updated On : 10 Aug 2022 | 4:03 PM IST

Oil prices rise after dropping to lowest in months on weak US demand

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak U.S. fuel demand.

Oil prices rise after dropping to lowest in months on weak US demand
Updated On : 04 Aug 2022 | 8:43 AM IST

Oil prices head for weekly loss as recession fears trump tight supply

Brent crude rose 35 cents, or 0.3%, to $105.00 a barrel by 1045 GMT and U.S. West Texas Intermediate crude gained 19 cents, or 0.2%, to $102.92

Oil prices head for weekly loss as recession fears trump tight supply
Updated On : 08 Jul 2022 | 5:07 PM IST

Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr

FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows

Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr
Updated On : 01 Jul 2022 | 9:31 PM IST

Oil prices fall on recession fears, on track for third weekly loss

Brent crude futures were down 43 cents, or 0.4%, at $108.60 a barrel by 0653 GMT, giving up earlier gains of more than $1

Oil prices fall on recession fears, on track for third weekly loss
Updated On : 01 Jul 2022 | 2:06 PM IST

Oil prices increase as supply concerns outweigh US fuel stocks build

Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT

Oil prices increase as supply concerns outweigh US fuel stocks build
Updated On : 30 Jun 2022 | 9:53 AM IST

Oil prices fall after three-day rally; concerns on supply shortage remain

U.S. West Texas Intermediate (WTI) crude futures slid 44 cents, or 0.4%, to $111.32 a barrel at 0150 GMT, giving up earlier gains

Oil prices fall after three-day rally; concerns on supply shortage remain
Updated On : 29 Jun 2022 | 9:09 AM IST

Macron supports introduction of price ceiling for Russian gas by G7 states

Italian Prime Minister Mario Draghi has also supported the idea of a price ceiling for Russian gas, according to the French leader.

Macron supports introduction of price ceiling for Russian gas by G7 states
Updated On : 28 Jun 2022 | 11:59 PM IST

Global stocks, oil and copper fall as investors expect Fed rate hike

Fed is expected to deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September

Global stocks, oil and copper fall as investors expect Fed rate hike
Updated On : 23 Jun 2022 | 3:16 PM IST

Sri Lanka's economy 'has collapsed,' unable to buy oil: PM Wickremesinghe

Sri Lanka has been muddling through mainly supported by $4 billion in credit lines from neighbouring India.

Sri Lanka's economy 'has collapsed,' unable to buy oil: PM Wickremesinghe
Updated On : 23 Jun 2022 | 12:01 AM IST

'Global trends, foreign fund movement, oil prices to guide mkts this week'

Relentless selling by FIIs is a key concern for the Indian markets. Rupee movement and development of monsoon will be other important factors for the market, says an analyst

'Global trends, foreign fund movement, oil prices to guide mkts this week'
Updated On : 19 Jun 2022 | 3:56 PM IST

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high
Updated On : 17 Jun 2022 | 10:45 PM IST