Page 27 - Oil Prices

Oil rises on tight supplies, possibility of China easing Covid curbs

Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine

Oil prices rise on possible easing of Covid quarantine measure in China

Oil prices gained around $1 as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors

Oil prices start session mixed on uncertain demand, supply concerns

Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections

Oil prices rise in tight market as US sets release of more reserves

Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that United States will release more crude from its reserves

India to examine Russia oil price cap as refiners line up Dec crude buys

India has emerged as Russia's second biggest oil client after China as some western entities shunned purchases form Moscow following its late February invasion of Ukraine

Oil prices tick up in volatile trade as US stocks fall on tight market

Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered

Oil prices stable as fears of economic slowdown offset supply woes

Oil prices were stable on Tuesday as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown

Oil prices fall more than 3% on US supply fears, lower China demand

Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher US supply amid an economic slowdown and lower Chinese fuel demand

Oil prices steady today on US dollar weakness; recession fears weigh

Oil prices steadied in early Asian trade as a weaker US dollar lent support

Oil prices steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession

Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export

The govt has hiked tax on domestically produced crude oil to Rs 11,000 per tonne from Rs 8,000 per tonne.

Oil prices shaky as worsening global demand outlook depress market

Oil prices struggled to find their footing in early Asian trade after a weakening global demand outlook depressed the market in the last session

Oil down on strong dollar, worries about recession and hawkish Fed talk

Oil futures fell for a third day on Wednesday, as a stronger dollar and worries about weaker demand and rising interest rates

Oil prices decline as dollar gains, US inflation data in spotlight

Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data

Oil prices fall more than 2% on account of recession and China Covid fears

Oil has dropped sharply on economic fears after surging earlier in 2022, when Brent came close to its record high of $147 as Russia's invasion of Ukraine added to supply concerns

Oil prices slide as dollar strengthens, China's Covid-19 woes dampen demand

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand

Oil price steadies as supply tightness duels with recession fears

Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT

Benchmark yield at near 4-month high on spike in US yields, oil prices

The benchmark Indian government bond yield ended at 7.4758%, highest since June 21. It had ended at 7.4596% on Friday, and had risen 10 basis points in last two sessions

Oil takes a breather, eases off 5-week highs as market takes profits

Oil prices slipped today, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts

Unmistakable slowdown: Some indicators disappoint, some flatter to deceive

It is hard to square the picture painted by the different indicators with the RBI's 7% full-year growth forecast. The World Bank's revised forecast of 6.5% may be closer to the mark, writes T N Ninan