Page 3 - Crude Prices

Rupee advances to 75.91 against US dollar on low crude prices

On Friday, the rupee appreciated by 10 paise to settle at 75.93 against the US dollar

Fuel prices will need to be raised by 15% to reflect int'l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.

Brent crude up $10, shares sink as Russia-Ukraine conflict deepens

The price of oil jumped about USD 10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent crude oil surged more than 12 per cent during the day in Asia, while benchmark US crude gained about USD 10 at more than USD 125 a barrel. The latest market turmoil followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations. A temporary cease-fire in two Ukrainian cities failed over the weekend and both sides blamed each other. France's CAC 40 dipped 3.6 per cent in early trading to 5,841.82, while Germany's DAX lost nearly 4.1 per cent to 12,564.78. Britain's FTSE 100 dropped 2.0 per cent to 6,848.87. U.S. shares were set to drift lower with Dow futures down 1.6 per cent at 33,048.00. S&P 500 futures fell 1.7 per cent to 4,252.00. The price of gold, which is viewed as an investor safe haven in times of crisis, ...

Saudi Arabia may raise March crude oil prices for Asia on robust demand

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil.

Rising crude prices drive up bond yield, threaten to derail fiscal maths

High oil prices also feed into inflation, necessitating the central bank to be more hawkish in its monetary policy than it so far it has conducted itself

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks

Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices

The rupee on Wednesday rebounded by 15 paise to close at 75.37 against the US dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices and a benign retail inflation in September also supported the rupee sentiment, forex dealers said. At the interbank forex market, the rupee opened strong at 75.29 against the greenback. During the session, the domestic unit swung between 75.19 and 75.51. On Tuesday, the rupee had closed at 75.52 against the dollar. Retail inflation fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined. "India's CPI fell to a five-month low in September at 4.35 per cent, well within RBI's comfort zone of 2- 6 per cent, providing RBI scope to continue with its accommodative policy stance to achieve sustainable economic recovery," Kaynat Chainwala - Fundamental Research Analyst Currencies, Anand Rathi, ...

Oil prices settle up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China

Inflation fears, crude price spook markets, Sensex, Nifty fall nearly 1%

FPIs sold shares worth Rs 803 crore on Wednesday, taking their two-day selling tally past the Rs 2,000-crore mark

WPI inflation eases to 11.16% in July as food and crude prices soften

WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year.

Oil prices fall on US crude stock build, Covid-19 Delta variant spread

Traders noted the oil price drop came despite reports of increased Mideast geopolitical tensions

Global stocks mostly follow crude, yields lower; tech shakes it off

Global stocks mostly fell Tuesday along with bond yields and crude prices, as China's latest tech crackdown and expectations of a hawkish Fed report waved red flags at investors

Brent could touch $80 as economic recovery picks up: Emkay Wealth

The rise, however, could be capped if the dollar strengthens against major currencies

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia is expected to cut its official selling prices for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional Covid-19 outbreaks

OPEC president says oil market rebalancing, pandemic still a risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market

Oil steadies below $52 as US' $900 bn stimulus counters weak demand

Brent crude was up 6 cents, or 0.1%, at $51.35 a barrel at 1450 GMT, after trading as high as $52.02 earlier in the session

Crude price rally to benefit Indian equities in the near term

There is a positive correlation between oil prices and Nifty50 over past 5 years

India asks OPEC to correct anomalies in crude price for different regions

India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

Spike in sovereign wealth funds' Indian market holding belies sell-off buzz

Holdings in Indian equities are higher now than before the pandemic took hold