Crude Oil Prices | The Asian Age

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The rupee snapped its three-session gaining streak to end 26 paise lower at 73.83 against the US dollar on Monday after crude prices rose amid intensifying geopolitical tensions.

Rupee slumps 26 paise to 73.83 on rising crude prices

Rupee continued to be under pressure as oil prices started to move-up.

15 Oct 2018 6:33 PM

The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade on Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices.

Sensex falls 175 points on rupee woes, rising crude prices

The Indian currency collapsed to a new lifetime low of 74.27 in intra-day trade, raising concerns on the macroeconomic front.

09 Oct 2018 4:31 PM

Petrol and diesel prices are on a rising spree, witnessing a fresh hike on Tuesday.

Fuel price hike: Petrol, diesel prices rise for the fourth consecutive day

Despite the government's efforts to bring fuel prices under control, the prices are increasing daily.

09 Oct 2018 12:14 PM

World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil use, China’s Unipec said on Monday.

World oil demand to peak at 104.4 million bpd in 2035: Unipec

Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions.

24 Sep 2018 11:48 AM

India, the world’s third-biggest oil importer, is considering reducing oil purchases to mitigate the pain of high crude prices and the declining rupee, said two sources at different Indian refineries with direct knowledge of the matter.

Indian refiners may reduce oil imports as crude prices soar, rupee struggles

It is becoming a headache for Modi govt ahead of general elections next year.

24 Sep 2018 10:50 AM

In no respite to the citizens, fuel prices in the country touched new heights on Monday morning, especially in Mumbai, as the petrol price in the metropolitan city crossed Rs 90-run mark.

Fuel prices rise again, petrol crosses Rs 90-mark in Mumbai

Discussions are taking place with the United States regarding the reduction of oil imports from Iran.

24 Sep 2018 10:35 AM

Honda Cars India may have to go for yet another price increase if the rupee continues to be weak against the dollar, a top company official said.

May consider price hike if rupee remains weak against dollar: Honda

The rupee had crashed to an all-time low of 72.91 in morning trade on Wednesday.

13 Sep 2018 5:27 PM

Fuel prices once again witnessed a hike on Thursday, with petrol being sold at Rs.79.51 per litre and diesel at Rs.71.55 per litre here in the national capital.

Petrol, diesel prices break fresh records

The price of petrol has been increased by 20 paise per litre, while diesel saw a hike of 21 paise per litre.

06 Sep 2018 12:29 PM

The markets too came under selling pressure with both Sensex and Nifty registering their fifth consecutive sessions of losses. (Representational image)

Rupee dips further after reports suggest 73/dollar

The rupee ended the session at a record low of 71.57, down 0.50 per cent from Monday’s close of 71.21 a dollar.

05 Sep 2018 1:35 AM

After hitting the intra-day low against the dollar, India Forex advisors said rupee managed to recover some of its losses after suspected intervention by RBI.

Rupee hits new low of Rs 70.74

Oil prices soared higher following reports about fall in US inventory level and likely disruption in supply from Iran and Venezuela.

31 Aug 2018 5:14 AM

The markets would have to contend with any contagion effect of the troubles in the Turkish economy and weakness in global economy on escalation of global trade issues.

Global cues, macros to dictate markets direction

The equity valuations at the moment are on the higher side as the markets have priced in a strong growth in corporate earnings.

20 Aug 2018 12:53 AM

The BSE Sensex recovered over 107 points to 36,431.17 in early trade on Tuesday on fresh buying by investors after a sharp drop on global crude oil prices and a strengthening rupee.

Sensex rises over 100 points after sharp fall in crude prices

Similarly, the broader NSE Nifty was trading 40.20 points, or 0.37 per cent, higher at 10,977.05.

17 Jul 2018 10:25 AM

It is pertinent to note that the Sensex hit an all-time high, while Nifty and Bank Nifty both came close to their respective all-time peaks.

June quarter earnings to set market tone

The Sensex closed 884 points higher at 36,542 and the Nifty ended 246 points higher at 11,019.

16 Jul 2018 12:53 AM

That’s a 28 per cent gain in two years, putting the US close to becoming the world’s biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil Prices dip on fall in China demand

Further weighing on prices has been rising US output, which hit another record last week at 10.8 million bpd.

09 Jun 2018 5:52 AM

Last month, we saw a spike in risk aversion due to hardening of crude oil prices leading to outflow of funds from emerging markets including India: Ajay Bodke, CEO, Prabhudas Lilladher.

Foreign investors pull out Rs 29,776 crore from market

However he noted that the prices of oil has corrected significantly after hitting a high of $80 per barrel, which is positive for India.

04 Jun 2018 12:44 AM

The Karnataka polls had also led to a deferment of the price hikes, according to reports.

Petrol price rise ends RBI’s rate cut hopes

Analysts see rise in inflation, CAD and fall in growth rate.

22 May 2018 1:29 AM

Inflation to edge higher, May CPI likely around 4.6-4.7 pc: report

Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices.

18 May 2018 4:11 PM

Market sentiment would also be driven by PMI data for the manufacturing and services sectors due this week.

Earnings, oil, macro data to set market tone in holiday-shortened week

Stock markets are closed on Tuesday for 'Maharashtra Day'.

29 Apr 2018 11:41 AM

Reserve Bank of India is expected to hike key policy rates by 25 basis points in June, largely on account of sharp increase in crude oil prices over the last few months, says a Deutsche Bank Research report.

Reserve Bank of India to hike rates in June policy: report

Largely on account of sharp increase in crude oil prices over the last few months.

25 Apr 2018 4:34 PM

Two industry sources said a desired crude price of $80 or even $100 was circulated by senior Saudi officials in closed-door briefings in recent weeks.

Saudi Arabia wants oil at $100

“We have come full circle,” a separate high-level industry source said of the change in Saudi thinking.

19 Apr 2018 1:33 AM

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Sunil Gatade