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Source: Live Mint (Bloomberg) — Oil steadied after an advance as OPEC delegates said the group was considering delaying restoring output, and Ukrainian drones attacked a crude-pumping station in Russia. Brent crude traded near $75 a barrel after a modest gain on Monday, while West Texas Intermediate was above $71. The cartel and its allies…
Source: Live Mint NEW YORK -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Brent crude settled down 89 cents, or 1.16%, to $76.23 a barrel. U.S. West…
Source: Live Mint International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world’s biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Brent crude futures last rose 48…
Source: Live Mint International crude oil prices reversed Monday’s gains and crashed five per cent on Tuesday, October 8, snapping a five-day rally, as fears of supply disruptions from the conflict between Israel and Iran eased after Iranian-backed Hezbollah signalled support for a ceasefire proposal put forth by Lebanon’s government. Local news reports suggested a…
Source: Business Standard 3 min read Last Updated : Oct 04 2024 | 2:20 PM IST Upstream cos in focus: Shares of upstream companies Oil India and Oil and Natural Gas Corporation (ONGC) have gained up to 6 per cent on the BSE in Friday’s intra-day trade amid rising crude oil prices on escalating…
Source: Live Mint Stock Market Crash: Domestic equity benchmarks Sensex and Nifty 50 extended losses for the fifth straight session on Friday, October 4, in an exceptionally volatile session, and logged their worst week in over two years amid weak geopolitical tensions and foreign outflows. Today’s crash comes after a two per cent decline seen…
Source: Live Mint International crude oil prices reversed their gains picked after the US Federal Reserve’s supersized interest rate cut and dropped over three per cent on Thursday, September 26, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output. Brent crude…
Source: Live Mint MUMBAI : State-run oil marketing companies (OMCs) are on course to see a marked improvement in their profitability, thanks to the recent drop in crude oil prices amid stable product prices. The average Brent crude price has dropped to about $70 per barrel in September so far from over $80 in August….
Source: Live Mint Brent crude futures have lost nearly 25 per cent year-to-date (YTD) over softer demand and a low-risk premium so far in 2024. At its lowest in the last nine months, the crude oil benchmark declined to a 33-month low at under $70 per barrel due to continued weakness in Chinese economic growth…
Source: Business Standard 3 min read Last Updated : Sep 11 2024 | 12:08 PM IST Shares of state-owned upstream oil companies Oil and Natural Gas Corporation (ONGC) and Oil India dipped up to 6 per cent on the BSE in Wednesday’s intra-day on profit booking as crude oil prices were trading near three…
