Crude Oil Price

[ad_1] Crude prices saw a modest 1% increase, reaching a five-month peak. This surge was fueled by anticipations of rising oil demand, prompted by upbeat economic updates from both the U.S. and China, on Monday.  Additionally, global supplies faced constraints due to OPEC+ production cuts and assaults on Russian refineries. Brent futures climbed by 73 cents (0.8%) to $87.73 per barrel, while U.S. West Texas Intermediate (WTI) crude rose…

[ad_1] Oil benchmark Brent crude futures has moved sideways in the last 12 months – between April 2023 to March 2024, majorly due to the supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) as well as the Israel-Hamas war. Oil producing majors including Saudi Arabia and Russia have since then defended the oil production cuts as a precautionary measure, aimed at the ‘stability…

[ad_1] The 30-share BSE Sensex ended higher by 526.01 points or 0.73 per cent at 72,996.31 level while the Nifty 50 closed at 22,123.65 level, up 118.95 points or 0.54 per cent. Analysts said that the recent upward revision in India’s GDP growth forecast by both Moody’s and S&P Global rating agencies uplifted the sentiments. Inflows amounting to ₹50,000 crore by domestic institutional investors (DIIs) in March added to…

[ad_1] Oil prices were little changed on Tuesday, March 26 as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker US dollar offered some support.         Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Unlock a world of Benefits! From insightful newsletters…

[ad_1] Asian markets are mixed and the US market took a breather after a rally sparked by optimism over the US Federal Reserve’s interest rate cuts. The Indian stock market was closed on Monday on account of the Holi festival. The markets will also remain shut on Friday, March 29, on account of Good Friday. On Friday, the domestic equity benchmark indices ended with modest gains, extending the positive…

[ad_1] Domestic equity benchmarks traded volatile – witnessing a roller-coaster move amid mixed cues last week before closing the week in positive territory by gaining nearly half a per cent. Initially, prices declined to a five-week low amid escalating concerns about froth building in the midcap and smallcap segments. The pressure on select heavyweights pushed the index lower in the middle. Also Read: FPIs pump ₹38,098 crore in Indian…

[ad_1] Crude oil prices declined in the previous session and settled flat on the week over the possibility of a ceasefire in Gaza and stonger US dollar   Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all…

[ad_1] Brent crude futures for May were down 68 cents, or 0.8 per cent, to $85.27  per barrel after dropping by 1.6 per cent on Wednesday. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8 per cent in the previous session, according to Reuters. Coming to domestic prices, crude oil futures were trading…

[ad_1] International crude oil prices again hit a four month-high mark on Tuesday, March 19, after breaking above range-bound trading last week, but gains were limited by the prospect of rising exports from Russia as Ukrainian attacks on oil infrastructure curb domestic refining activity. The Brent crude oil futures contract was up 33 cents at $87.22 per barrel while US West Texas Intermediate (WTI) prices were up 31 cents…