Brent Crude Highest
Rupee rises 1 paisa to 83.43 against US dollar in early trade
The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back of a weak American currency and positive domestic equity markets. Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision to be announced on Friday. At the interbank foreign exchange market, the local unit opened at 83.40 and slipped to 83.43 against the greenback, trading 1 paisa higher from its previous close. On Wednesday, the domestic currency settled 7 paise higher at 83.44 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent lower at 104.06. Analysts attributed the weakness in the dollar index to a sharp fall in US Treasury yields after the latest data showed private sector job growth in May was slower than estimated, raising expectations of an interest rat
 "Rupee rises 1 paisa to 83.43 against US dollar in early trade")
Oil edges higher, on track for weekly gain on strong economic growth
Brent crude futures were up 53 cents, or 0.7%, at $82.93 a barrel by 1:48 p.m. ET (1848 GMT), and touched $83.57, their highest price since November
 "Oil edges higher, on track for weekly gain on strong economic growth")
Oil prices may remain on the boil amid strong demand, supply cuts
Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December
 "Oil prices may remain on the boil amid strong demand, supply cuts")
Analysts caution against betting on crude-dependent chemical stocks
The Russia-Ukraine crisis has sprung up worries for the sector yet again as analysts say margins of chemical companies will be impacted due to the rise in prices of crude oil
 "Analysts caution against betting on crude-dependent chemical stocks")
Credit Suisse downgrades India to underweight on soaring crude oil prices
Brent crude of $120 a barrel, Credit Suisse estimates, could add $60 billion to India's import bill. Price rises for gas, coal, edible oils and fertilisers could add another $35 billion.
 "Credit Suisse downgrades India to underweight on soaring crude oil prices")
Trading strategies for oil-related stocks as Brent crude tops $105 level
SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.
 "Trading strategies for oil-related stocks as Brent crude tops $105 level")
Oil prices climb more than 1% to 7-year highs on supply disruption fears
Brent crude futures was at $95.65 a barrel by 0742 GMT, up $1.21, or 1.3%, after earlier hitting a peak of $96.16, the highest since October 2014
 "Oil prices climb more than 1% to 7-year highs on supply disruption fears")
Substantial increase in fuel prices on cards as crude crosses $82 a barrel
The petrol price in Delhi rose to its highest-ever level of Rs 102.64 a litre and to Rs 108.67 in Mumbai, according to a price notification of state-owned fuel retailers
 "Substantial increase in fuel prices on cards as crude crosses $82 a barrel")
Oil surges more than 3 percent as trade war fears recede
In post-settlement trading, Brent hit $71.34, its highest since December 2014.
 "Oil surges more than 3 percent as trade war fears recede")
