Crude Oil | The Asian Age

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Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak trend overseas.

Crude oil futures fall on global cues

On the Multi Commodity Exchange, crude oil for delivery in July contracts shed Rs 8, or 0.2 per cent, to Rs 3,908 per barrel.

18 Jul 2019 1:39 PM

On Multi Commodity Exchange, crude contracts for July delivery went up by Rs 23, or 0.58 per cent, to Rs 3,970 per barrel.

Crude oil prices up on firm global cues

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in global market.

17 Jul 2019 12:49 PM

Both contracts last week posted their biggest weekly gains in three weeks on cuts in US oil production and diplomatic tensions in the Middle East.

Oil prices edge lower as China's GDP growth slows

Brent crude futures for September fell 21 cents to USD 66.51 a barrel.

15 Jul 2019 10:59 AM

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Crude oil demand growth to remain stable

Going forward OPEC expects global demand for its crude oil to decline next year as their rivals continue to pump more crude oil.

15 Jul 2019 8:03 AM

Markets may also react to macroeconomic data released after market hours Friday.

Q1 earnings, macro data to drive markets this week: Analysts

Investors will also monitor trade-related developments, as well movement in the rupee and crude oil prices, they added.

14 Jul 2019 11:36 AM

OPEC said the world would need 29.27 million bpd of crude from its 14 members in 2020, down 1.34 million bpd this year.

Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions

Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.

12 Jul 2019 10:01 AM

West Texas Intermediate crude prices rose 0.43 per cent to USD 60.69.

Crude oil futures up 0.8 pc on global cues

Analysts said the rise in crude oil futures was largely in tandem with a firming trend in global trade.

11 Jul 2019 2:17 PM

Analysts said fall in oil prices was mostly in tune with a weak trend in global market, where it slipped due to a jump in US crude inventories amid a slackening demand, say reports.

Crude oil futures fall 0.88 per cent on global cues

Crude oil contracts for July delivery traded lower by Rs 35, or 0.88 per cent, at Rs 3,943 per barrel.

09 Jul 2019 2:10 PM

Industry and government data for release later on Tuesday and on Wednesday is expected to show that US crude stockpiles fell for a fourth consecutive week, dropping 3.6 million barrels.

Oil prices drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

09 Jul 2019 9:49 AM

The oil for delivery in August contracts also fell by Rs 53, or 1.33 per cent, to Rs 3,918 a barrel in 695 lots.

Crude oil futures dip on muted domestic demand

On the Multi Commodity Exchange, crude for delivery in July contracts was trading lower by Rs 58 at Rs 3,889.

03 Jul 2019 3:21 PM

Steel and electricity output increased by 19.9 per cent and 7.2 per cent, respectively, during the month under review. (Representational Image)

Eight core sectors grow by 5.1 per cent in May

During April-May, the eight sectors grew by 5.7 per cent compared to 4.4 per cent in the same period last year.

01 Jul 2019 7:59 PM

US West Texas Intermediate (WTI) crude futures were down 40 cents, or 0.7 per cent, at USD 59.03 a barrel.

Oil prices fall as market awaits G20, OPEC meeting

OPEC+ members agreed to curb oil output by 1.2 million barrels per day from January 1.

28 Jun 2019 11:17 AM

The crude for delivery in August contracts also edged higher by Rs 66, or 1.63 per cent, to Rs 4,123 per barrel with a business volume of 565 lots.

Crude oil futures up 1.59 per cent on firm demand

On MCX, crude oil for delivery in July contracts was trading higher by Rs 64, to Rs 4,100 per barrel.

26 Jun 2019 1:55 PM

Analysts said the gains were mainly driven by American Petroleum Institute (API) data showing a fall in US crude inventories.

Oil prices jump as US crude stocks fall, Middle East worries add support

Oil prices have been squeezing higher on escalating tensions in the Middle East.

26 Jun 2019 10:41 AM

India’s intake of Saudi oil during the seven months to May rose by 11 per cent to 804,000 bpd.

Filling Iran oil gap in India: US supplies outshine Middle East crude

India bought about 184,000 barrels per day (bpd) oil from the United States over November 2018 to May 2019.

25 Jun 2019 12:10 PM

Brent futures were up 50 cents, or 0.8 per cent, at USD 65.70 a barrel.

Oil prices climb as US, Iran tensions mount

West Texas Intermediate crude was up 70 cents, or 1.2 per cent, at USD 58.13 a barrel.

24 Jun 2019 2:21 PM

Analysts said speculative positions built up by traders tracking a better trend overseas mainly influenced sentiments at futures prices here.

Crude oil futures rise 0.82 pc on global cues

On Multi Commodity Exchange, crude oil for delivery in July contracts was trading higher by Rs 33, to Rs 4,050 per barrel.

24 Jun 2019 1:36 PM

The recent cut in repo rate by RBI should come as a relief for the industry if banks pass it on and it expects more reduction in the rates in coming months to drive investments, Ficci stated.

Manufacturing sector outlook moderates in Apr-Jun: Ficci survey

The percentage of respondents expecting low or same production is 59 per cent in Q1, compared to 46 per cent in Q4 of 2018-19.

23 Jun 2019 6:17 PM

Globally, West Texas Intermediate crude was up 0.20 per cent to USD 54.01 per barrel.

Crude oil futures up 1.15 per cent on positive demand

Multi Commodity Exchange, crude oil contracts for June delivery traded higher by Rs 43, or 1.15 per cent, at Rs 3,775 per barrel.

19 Jun 2019 3:42 PM

Brent crude futures were up 34 cents, or 0.6 per cent, at USD 62.48 a barrel by 0028 GMT.

Oil extends gains amid Middle East tensions, US-China trade deal hopes

US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to USD 54.34 a barrel.

19 Jun 2019 8:46 AM

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Sunil Gatade