Page 2 - Oil Price

Sensex hits 60k mark after 4 months amid oil slump, revival of FPI inflows

Level last seen on Apr 5; indices up 17% since June 17 lows

Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Edible oil prices will soften by Rs 15/litre in a few weeks: Industry

Decision arrived at today during a meeting between industry players & officials

Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance

Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market

In no hurry to add to India position; buy only on a dip: Chris Wood

Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position

India's Russian oil import 'minuscule', must not be politicised: Govt

Country's energy needs are enormous, says oil ministry in statement.

Oil climbs higher but takes a breather in tight range; Brent rises 55 cents

U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.4 per cent, to 102.60 a barrel, adding to a 19 cent gain in the previous session.

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel

Oil price rises in early trading as uncertainty around supply persists

Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions

Oil slides near 2% as European Union fails to boycott Russian crude

Without an EU embargo of Russian oil, Commerzbank analyst Carsten Fritsch said sanctions were unlikely to have a major impact on the oil market

Saudi Arabia says it's not responsible for high oil prices

It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis

Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022

Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022

Global shares mixed after oil price climbs back above $100 per barrel

Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above USD100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London. U.S. futures were lower. Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of bombardment of civilian sites in multiple cities over the past few days. The war, and plans for President Joe Biden to speak with Chinese President Xi Jinping later Friday were among the uncertainties overhanging markets. The White House said the conversation will center on managing the competition between our two countries as well as Russia's war against Ukraine and other issues of mutual concern. Germany's DAX slipped 0.3per cent to 14,357.48 and the CAC 40 in Paris lost 0.5per cent to 6,583.42. Britain's FTSE 100 lost 0.2per cent to 7,368.02. The futures for the S&P 500 and Dow industrials were 0.4per cent lower. Wrapping up a two-day meeting, the Bank of Japan opted to

Inflation likely slipped in Feb but will rebound soon: Economists poll

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Cash dominates India playbooks as markets recoil from oil price shock

Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds

Western ban on oil imports will double price to $300 a barrel: Russia

A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday

Oil markets hit multiple milestones after sanctions on Russia

Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries plan to release a record 60 mn barrels of petroleum reserves to cool prices

Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar

As long as the Russia-Ukraine heat continues, commodities will be the dominating theme versus the consumption theme said B Gopkumar, MD and CEO at Axis Securities.

Russia-Ukraine crisis: Indian firms brace for fresh round of price spike

In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales

World's most-important oil price tops $100, signals more to come

It also shows that the rally in futures prices - they passed $96 at one point on Wednesday - is in part being driven by what's happening in the real world