Page 13 - Oil Prices

Oil prices falls on US Fed interest rate hike worries, Russian export flows

Higher rates could slow the global economy and weaken oil demand

Oil steadies after falling on rate hike worries, Russian crude flows

Brent crude futures gained 28 cents to $85.18 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 9 cents to $77.99

Oil prices steady as China reopening is balanced by economic concerns

A weaker US currency makes dollar-denominated commodities such as oil cheaper for buyers using other currencies

Oil prices rise to $88 a barrel on back of stronger China outlook

Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain

Oil prices head for second week of gains on China fuel demand outlook

For the week, Brent was heading for a gain of about 1.2% and the U.S. benchmark for a 0.8% rise

Oil prices gain around 1% on optimism over China's fuel demand recovery

But OPEC kept its 2023 global demand growth forecast unchanged

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

Improving marketing margins, prices to restore OMC profits in FY24: Moody's

OMCs are likely to see weak earnings in current fiscal year despite fall in oil prices mainly because of losses they incurred on holding prices in the first half, Moody's Investors Service said

China demand growth optimism sets oil on track for strong weekly gain

A weaker greenback tends to boost demand for oil, as it makes the commodity cheaper for buyers holding other currencies

Oil prices surge over 1% on China demand hopes, US inflation in focus

Brent crude rose $1.18, or 1.4%, to $83.85 a barrel by 1250 GMT, while U.S. West Texas Intermediate crude gained $1.15, or 1.5%, to $78.56

Oil prices slip as US crude, fuel inventories reignite demand concerns

Oil prices fell, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States

Oil prices stable as market awaits clarity on US Fed interest rate hike

A weaker dollar can boost demand for oil, as dollar-denominated commodities become cheaper for holders of other currencies

Oil prices fall as concerns over higher interest rates crimp demand

Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.5%, to $74.27 per barrel

Rupee up 18 paise to 82.17 against dollar in early trade as oil prices ease

The rupee rose 18 paise to 82.17 against the US dollar in early trade on Tuesday on easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then gained ground to touch 82.17, registering a rise of 18 paise over its previous close. On Monday, the rupee settled at 82.35 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.21 per cent to 103.21. Brent crude futures, the global oil benchmark, fell 0.49 per cent to USD 79.26 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 353.74 points or 0.58 per cent lower at 60,393.57 points. The broader NSE Nifty fell 82.55 points or 0.46 per cent to 18,018.65 points. Foreign Institutional Investors (FIIs) were net sellers in

Oil prices surge over 3% on demand optimism as China's borders reopen

Brent crude was up $1.96, or 2.5%, at $80.53 a barrel by 1450 GMT while U.S. West Texas Intermediate crude rose $2.10, or 2.9%, to $75.87

Oil edges higher on hopes of Chinese demand boost; crude futures up 0.71%

China, the economy of which has been hit by another Covid wave, also announced more state support measures on Thursday

Oil prices rise $1 on China's reopening optimism, US' fuel inventories

Brent crude futures were 94 cents, or 1.2%, higher at $79.63 a barrel at 0345 GMT, after settling 85 cents stronger at $78.69 on Thursday

Oil prices rise after US fuel stocks draw down; economic concerns loom

Still, crude inventories rose more than expected at 1.7 million barrels, compared with analysts' expectations for a 1.2 million-barrel rise

Rupee gains on corporate investments, cheaper global oil prices

Currency could be poised to gain after recent sharp underperformance, say analysts

Oil rebounds after biggest two-day loss in decades at start of the year

Brent crude was up $1.22, or 1.6%, to $79.06 a barrel at 0922 GMT, while U.S. West Texas Intermediate crude futures gained $1.02, or 1.4%, to $73.86