Page 38 - Oil Prices

Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650

CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each

Oil prices fall as IEA members meet to discuss stocks release

The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively

Oil seesaws ahead of consumer nations' meeting on stocks release

U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.

Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate

India also gets offer of rupee-ruble-denominated payments

India supports release of oil from reserves to cool prices: Union minister

As oil prices dived on news that the US was considering record release from the reserves, India said it supports the initiative to let out from the strategic stockpile to cool rising oil prices

Oil prices tumble over $5 a barrel as Biden weighs massive reserves release

Brent futures were down $4.71, or 4.2%, to $108.58 a barrel and U.S. West Texas Intermediate futures were down $5.45, or 5%, to $102.74 a barrel at 0035 GMT.

Oil prices rebound on tight supply, prospects of new Russia sanctions

US West Texas Intermediate (WTI) crude futures rose $2.72, or 2.6%, to $106.96 a barrel, erasing a 1.6% drop on Tuesday

Oil drops $6 on positive signals from Russia-Ukraine peace talks

Sanctions imposed on Russia over its invasion of Ukraine have disrupted oil supplies, driving prices higher

Record fuel price hike due to spike in oil prices during last two weeks: FM

Sitharaman said the government is taking various steps in response to the rise in global oil prices

Oil prices rise on tight supplies, stable demand

United Arab Emirates energy minister Suhail al-Mazrouei said on Tuesday that the mission of OPEC+ was to stabilise markets and come up with as much supply as possible

Top headlines: JioMart Express pilot to start, the oil price conundrum

Business Standard brings you the top headlines at this hour

Oil prices drop on China demand worries, Ukraine peace talk hopes

Brent crude futures were poised to open around $3 lower, also after sliding around 7% in the previous session.

Stocks edge lower on Wall Street as crude oil prices slump

Stocks turned lower in afternoon trading on Wall Street Monday as crude oil prices slumped and bond yields eased lower. The S&P 500 fell 0.4% as of 12:27 pm Eastern. The Dow Jones Industrial Average fell 271 points, or 0.8%, to 34,591 and the Nasdaq fell 0.3%. Technology stocks were among the biggest weights on the market. Companies in the sector tend to push and pull the broader market more forcefully because of their pricey valuations. Chipmaker Intel fell 2.2%. Energy companies had some of the biggest losses as crude oil prices fell sharply. Exxon Mobil fell 2.6%. US crude oil slumped 5.2% and Brent crude, the international standard, fell 5%. The drop follows news that China began its most extensive coronavirus lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai. That could put a dent in global demand for energy. Oil prices remain volatile amid the backdrop of Russia's invasion of Ukraine. The United Arab Emirates' energy minister doubl

Wall St slips as banks, energy stocks weigh; Tesla up on stock-split plans

Oil prices tumble on concerns of weaker Chinese demand

Oil and trouble: Crude calculations in petrol, diesel prices in India

State-run refiners, which control over four-fifths of India's fuel market, are walking a tightrope again, trying to balance the interests of consumers, govt and their own

Oil slides more than $5 on concerns of weaker Chinese demand

Brent crude futures slid as low as $115.32 a barrel and were trading down $4.53, or 3.7%, at $116.12 at 0943 GMT.

Shanghai lockdown hurts oil prices, bonds and yen take a beating

World stocks were largely flat, holding their ground in the face of another brutal selloff in major bond markets

Asia shares dip, oil skids as Shanghai shutdowns amid Covid surge

Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains

Return from well-managed portfolios may be 15-20%, at best: P Kacholia

The domestic market being in a cyclical bull run, the more prudent thing would be to buy on dips, said MD Kacholia

Petrol, diesel rates up by 80 paise per litre again, fourth hike in 5 days

Petrol is selling in the national capital at Rs 98.61 per litre while diesel is trading at Rs 89.87 per litre