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
BEIJING: Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 36 cents, or 0.4%, at $92.33 a barrel by … Read more
FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every … Read more
The rupee stalled its three-session winning run on Monday, sliding 21 paise to 73.60 against the US dollar after fresh tensions along the India-China border dented forex market sentiment. At the interbank forex market, the domestic unit opened on a strong note at 73.26 but lost momentum as the trade progressed and finally ended at … Read more