Page 15 - Crude Oil Price

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure

Oil prices fall after increases in crude and fuel stockpiles in the US

Brent oil futures fell 25 cents, or 0.3%, to $86.15 a barrel after closing at the highest in seven years on Tuesday.

Oil edges up to new multi-year highs on global supply shortage

Brent futures rose 42 cents, or 0.5%, to $86.41 a barrel by 12:14 p.m. EDT (1614 GMT), while U.S. West Texas Intermediate (WTI) crude rose 95 cents, or 1.1%, to $84.71.

Commodity price rise can bump up inflation by 1%, warns Nomura

A 10 per cent increase in crude oil prices, according to Nomura's estimates, may raise India's headline inflation by around 30 basis points (bps), add around 0.3 per cent of GDP to CAD

Fuel rates hiked for 4th consecutive day; petrol crosses Rs 113 in Mumbai

In Mumbai, petrol and diesel prices per litre stand at Rs 113.12 and Rs 104.00 respectively

Current account comes under pressure from oil, gold and coal imports

However, current account deficit won't be unmanageable as was the case in 2011-13, say experts

Oil rises above $85 a barrel, Brent set for seventh weekly gain

Brent crude futures rose 92 cents, or 1%, to $85.53 a barrel at 1335 GMT, after Thursday's three-year high of $86.10

Oil hits multi-year high above $86 due to tight supply, then pulls back

Brent crude rose as high as $86.10, the highest since October 2018, but by 0815 GMT was down 79 cents, or 0.9%, to $85.03.

India talks tough at CERAWeek, pushes for lowering of crude oil price

High crude prices have made India rethink its energy transition strategy

Buoyed by power crunch, Brent crude oil crosses $86-mark

Brent crude oil futures were up 13 cents, or 0.15 per cent, to $84.73 a barrel at 9.00 pm ist, after hitting $86.04, their highest level since October 2018

India in no hurry to unwind stimulus but oil a worry, says Sitharaman

Rising crude oil prices are emerging as a huge challenge and the uncertainty could upend some of her plans to get the economy back on track, she said

Asian shares jittery ahead of China's economic data; oil hits fresh highs

Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage

Oil prices climb more than 3% amid robust demand and tighter supplies

Brent crude futures touched their highest since October 2018, rising 84 cents, or 1%, to $84.84 a barrel by 0652 GMT

Oil prices rise on tight supply, set for weekly gain of more than 2%

Analysts pointed to a sharp drop in OECD oil stockpiles, to their lowest level since 2015

Rising global oil and coal prices pose macro risks to India: Morgan Stanley

The rising commodity prices expose India to macro risks including on the already elevated inflation and growth fronts, a foreign brokerage said on Thursday. There has been 14 per cent jump in oil prices to USD 83 per barrel and 15 per cent rise in coal rate to USD 200 per metric tonne, analysts at Morgan Stanley said. This rise in energy prices, specifically oil, has prompted concerns of higher inflation, slower growth and whether this could lead to disruptive monetary policy tightening, they said. They added that there are upside risks to inflation, and growth will only improve from a two-year compounded annual growth rate, which will lead to normalisation of the policy. Inflation will move back toward 5.5 per cent by the quarter ending March 2022 after remaining below the 5 per cent mark in the next few readings, it said, noting that a continued rise in energy prices, specifically oil, increases inflation risks. Assuming a complete pass through, a 10 per cent rise in oil prices

Oil slips, takes breather after gains driven by global energy crisis

Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains

Oil prices settle up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China

Oil surges past $80 with global power crisis set to boost demand

West Texas Intermediate futures climbed around 2% after topping the psychological price threshold on Friday for the first time since November 2014

Govt says volatile crude oil prices pose concerns for the economy

Volatility in the prices of crude oil, edible oils and metal products pose concerns for India's economy, though inflation is expected to ease in coming months, a government report said on Monday

Oil gains amid supply restraint, rising energy demand; WTI tops $80

Oil prices rose on Monday, extending multiweek gains as economies try to recover from the coronavirus pandemic