Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S. West Texas Intermediate crude finished at $62.69, a gain of 32 cents, or … Read more
SINGAPORE: Oil prices jumped on Monday to their highest since January as Washington’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures rose $1.88 or 2.44% at $78.89 a barrel as of 1122 GMT. U.S. West Texas Intermediate crude advanced $1.87 or 2.53% at $75.71. Both contracts jumped … Read more
As global geopolitical tensions escalate and crude oil prices edge higher, Kotak Mahindra Asset Management Company’s Managing Director Nilesh Shah has warned that any sharp spike in crude oil or disruption in supply could have a negative impact on Indian equity markets. “Indian equity and rates market is like a man having average temperature as … Read more
“If Nifty at all crosses above 24,800-24,850 zone, then we could see some bit of short covering to trigger in Nifty trades and then this pullback can extend further towards 25,000. But overall, 25,000 may act as a stiff resistance for any pullback in the near-term perspective,” says Rajesh Palviya, Axis Securities.What are the levels … Read more
Oil prices were heading towards their lowest close since the midst of the coronavirus pandemic in 2021 on Friday, hit by U.S. President Donald Trump’s barrage of new tariffs and output increases announced by the OPEC+ producer group. Brent futures plummeted by $2.29, or 3.3%, to $67.85 a barrel by 0948 GMT. U.S. West Texas … Read more
Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns … Read more
Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year. The Brent crude July contract inched up 11 cents to $82.23 a barrel by 0036 GMT. The … Read more
Crude oil witnessed a steep fall on demand worries and concerns over surplus supply. Prices remained averse after an underwhelming production cut initiated by OPEC plus countries in its latest meeting which ended on November 30. The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded … Read more
Shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a … Read more
A flare to burn methane from oil production is seen on a well pad near Watford City, North Dakota, Aug. 26, 2021. | Photo Credit: AP Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. Brent crude futures fell … Read more