Crude oil prices traded steady on Wednesday as concerns over higher output from OPEC+ groups were partially offset by supply pressures caused due to the Canadian wildfires along with economic uncertainties in the wake of global trade tensions. The June crude oil futures on the MCX were trading at Rs 5,473 per Bbl, gaining Rs … Read more
NEW DELHI: The rupee weakened against the US dollar on Monday as talk of a faster pace of bond tapering by the Federal Reserve fuelled a global strengthening of the greenback, dealers said. The partially convertible rupee opened at 74.3450 to a dollar on Monday, 0.15 per cent weaker than 74.2350 at the previous close. … 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