By David Henry and Stefano Rebaudo
Oil prices fell at the start of the session, extending last week's decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine
Asian shares advanced and oil slipped on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting raged on
The crude shock can turn into a nightmare for both the government and the RBI
The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries
India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva
Cairn's plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas
Brent crude futures climbed $2.48, or 2.27%, to $111.81 a barrel at 0747 GMT after dropping 1.6% in the previous session.
CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent
Oil prices clawed back some losses on Friday but were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil
Brent crude futures inched up 11 cents to $109.44 a barrel at 0149 GMT after dropping 1.6% in the previous session.
Oil prices settled about 2% lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfill contractual obligations
The gusher of money the US government poured into family bank accounts during the coronavirus pandemic may now help limit the economic damage from Russia's invasion of Ukraine
Three checkered oil regimes that President Joe Biden and past US leaders have spectacularly snubbed Venezuela, Saudi Arabia and Iran are now targets of US outreach
The war in Ukraine is a shock, they note, but one the United States may have unintentionally insured itself against.
CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices
India's $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing nation
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia-Ukraine buoyed sentiment, but analysts warned the rally could be susceptible to sharp reversal
Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia
Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia