Page 4 - Oil Price
Inflation likely slipped in Feb but will rebound soon: Economists poll
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future
 "Inflation likely slipped in Feb but will rebound soon: Economists poll")
Cash dominates India playbooks as markets recoil from oil price shock
Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds
 "Cash dominates India playbooks as markets recoil from oil price shock")
Western ban on oil imports will double price to $300 a barrel: Russia
A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday
 "Western ban on oil imports will double price to $300 a barrel: Russia")
Oil markets hit multiple milestones after sanctions on Russia
Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries plan to release a record 60 mn barrels of petroleum reserves to cool prices
Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar
As long as the Russia-Ukraine heat continues, commodities will be the dominating theme versus the consumption theme said B Gopkumar, MD and CEO at Axis Securities.
 "Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar")
Russia-Ukraine crisis: Indian firms brace for fresh round of price spike
In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales
 "Russia-Ukraine crisis: Indian firms brace for fresh round of price spike")
World's most-important oil price tops $100, signals more to come
It also shows that the rally in futures prices - they passed $96 at one point on Wednesday - is in part being driven by what's happening in the real world
 "World's most-important oil price tops $100, signals more to come")
ONGC Q3 results: Net profit surges seven-fold to Rs 8,764 cr
The nation's top oil and gas producer got $75.73 for every barrel of crude oil it produced and sold in Q3FY22 as compared to $43.20 a barrel realisation in the same period of 2020-21
 "ONGC Q3 results: Net profit surges seven-fold to Rs 8,764 cr")
Oil prices stable at $90/Bbl, Iran supply prospects add pressure
Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT
 "Oil prices stable at $90/Bbl, Iran supply prospects add pressure")
Oil rallies toward $89 with focus on stockpile draw, Russia-Ukraine tension
In another key development, the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meets on Feb. 2 to consider another output increase.
 "Oil rallies toward $89 with focus on stockpile draw, Russia-Ukraine tension")
Oil price rise on supply fears amid tensions in Eastern Europe, Middle East
TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output.
 "Oil price rise on supply fears amid tensions in Eastern Europe, Middle East")
Rupee rises 8 paise to close at 74.43 against US dollar on easing oil price
The rupee advanced by 8 paise to close at 74.43 (provisional) against the US dollar on Friday on the back of easing crude oil prices and dollar selling by banks and exporters.
 "Rupee rises 8 paise to close at 74.43 against US dollar on easing oil price")
Indian economy will survive headwinds from a taper by US Fed, says FinMin
The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22
 "Indian economy will survive headwinds from a taper by US Fed, says FinMin")
Wall St falls as oil, tech losses outweigh retail cheer; Dow drops 130 pts
Retail sales unexpectedly rise in August; Tesla falls as Ark dumps shares
 "Wall St falls as oil, tech losses outweigh retail cheer; Dow drops 130 pts")
 "Oil hits 6-week high on fears of US supply disruptions from storm Nicholas")
Oil prices rise on US' economic recovery hopes, weaker dollar
The number of Americans filing new claims for jobless benefits fell last week, while layoffs in August dropped to their lowest level in more than 24 years
 "Oil prices rise on US' economic recovery hopes, weaker dollar")
Trading strategies for copper and aluminum by Tradebulls Securities
The trend for aluminum has shifted from 'neutral' to 'positive'
 "Trading strategies for copper and aluminum by Tradebulls Securities")
Brent oil benchmark hits two-year high, WTI highest since 2018
Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT
 "Brent oil benchmark hits two-year high, WTI highest since 2018")
Here's why Bhavik Patel of Tradebulls thinks Brent crude may hit $80 soon
Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order
 "Here's why Bhavik Patel of Tradebulls thinks Brent crude may hit $80 soon")
India to look to OPEC once oil demand recovers after Covid second wave
India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May
 "India to look to OPEC once oil demand recovers after Covid second wave")