Brent Crude-futures

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Brent Crude-futures - Total results - 22
Oil prices hold ground ahead of OPEC Plus meeting on extended output cuts; rates still down about 40% for year so far
Business

Oil prices hold ground ahead of OPEC Plus meeting on extended output cuts; rates still down about 40% for year so far

OPEC+ producers are considering extending their production cut of 9.7 million barrels per day (bpd), or about 10 percent of global output, into July or August, at an online meeting likely on 4 June,

Financial stocks zoom: Sensex rallies over 900 points, Nifty surges to 9,823-level; ICICI Bank, RIL, HDFC among top gainers
Business

Financial stocks zoom: Sensex rallies over 900 points, Nifty surges to 9,823-level; ICICI Bank, RIL, HDFC among top gainers

The Sensex rallied over 900 points in early trade on Monday, driven by gains in HDFC twins, ICICI Bank and Reliance Industries amid firm cues from global markets.

Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand
Business

Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand

A drop in US crude inventories provided some support to prices early in the trading session,

Oil prices slide again as world runs low on storage capacity, expect plunge in demand post-lockdown easing restrictions
Business

Oil prices slide again as world runs low on storage capacity, expect plunge in demand post-lockdown easing restrictions

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global economic activity amid restrictions imposed around the world to curb the spread of the new coronavirus.

Rupee falls 25 paise to 76.31 against US dollar in early trade tracking weak domestic equities
Business

Rupee falls 25 paise to 76.31 against US dollar in early trade tracking weak domestic equities

Forex traders said the rupee opened on a weak note taking negative cues from Asian equities.

Oil bounces 8% from biggest one-day rout in 30 years on stimulus hopes, virus slowdown in China
Business

Oil bounces 8% from biggest one-day rout in 30 years on stimulus hopes, virus slowdown in China

On the demand side, the International Energy Agency said oil demand was set to contract in 2020 for the first time since 2009.

Stocks, gold and oil whipsawed as Iran strikes spark fears of wider West Asian war; analysts say escalating tensions to keep markets on edge
Business

Stocks, gold and oil whipsawed as Iran strikes spark fears of wider West Asian war; analysts say escalating tensions to keep markets on edge

Gold also fell below a key psychological level as initial fears eased. The precious metal was 1.16 percent higher on the spot market at $1,592.18 per ounce, having earlier blasted through $1,600.

Asia stocks attempt a rally as Iran anxiety ebbs; Wall Street erases early losses to end in black as tech stocks climb
Business

Asia stocks attempt a rally as Iran anxiety ebbs; Wall Street erases early losses to end in black as tech stocks climb

Asian shares had fallen sharply on Monday as Iran and the United States traded threats after a US airstrike killed a top Iranian commander.

Oil prices shoot over 2% after President Donald Trump threatens Iraq sanctions, Iran retaliation
Business

Oil prices shoot over 2% after President Donald Trump threatens Iraq sanctions, Iran retaliation

Oil prices shot more than 2 percent higher on Monday, with Brent rising above $70 a barrel, after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

Sensex, Nifty open on volatile note amid weak domestic cues; HCL Tech rallies 5%, auto stocks up 2%
Business

Sensex, Nifty open on volatile note amid weak domestic cues; HCL Tech rallies 5%, auto stocks up 2%

Sensex was trading 4.78 points or 0.01% to down at 36,685.72 at 0930 hours; and the broader Nifty slipped 4.30 points or 0.04% to 10,851.20 in morning trade.

Oil prices jump to their highest in a month as US crude stocks fall, Middle East worries add support
Business

Oil prices jump to their highest in a month as US crude stocks fall, Middle East worries add support

Conflict between Washington and Tehran has stoked fears that shipments passing through the Strait of Hormuz—the world’s busiest oil supply route—could be disrupted.

Global stock markets: Asia stocks hover around four-month lows; euro holds firm after fragmented Europe vote
Business

Global stock markets: Asia stocks hover around four-month lows; euro holds firm after fragmented Europe vote

Asia stocks hovered near four-month lows on Monday amid concerns about US-China tensions while the euro was confined to a narrow range after the weekend’s European Parliament elections.

Rupee rises 21 paise against dollar in early trade; FII inflows, equities buoy sentiments
Business

Rupee rises 21 paise against dollar in early trade; FII inflows, equities buoy sentiments

The rupee had settled 36 paise down at 70.02 against the US dollar in the previous session.

Iran's supreme leader Ayatollah Ali Khamenei says US oil sanctions won't go 'without a response'
World

Iran's supreme leader Ayatollah Ali Khamenei says US oil sanctions won't go 'without a response'

Iran's foreign ministry said Monday that Iran "did not and does not attach any value or credibility to the waivers given to the sanctions.

Oil falls as supply still adequate despite Iran sanctions; shipment from US may grow by 1.6 million bpd this year
Business

Oil falls as supply still adequate despite Iran sanctions; shipment from US may grow by 1.6 million bpd this year

US sanctions against oil exporter Iran were introduced in November 2018, but Washington allowed its largest buyers limited imports of crude for another half-year as an adjustment period.

Sensex rises over 100 points, Nifty nears 11,600-mark amid easing crude prices; sentiment turns positive
Business

Sensex rises over 100 points, Nifty nears 11,600-mark amid easing crude prices; sentiment turns positive

In the previous session, the BSE bourse settled 80.30 points, or 0.21 percent, lower at 38,564.88 and the broader NSE Nifty too slipped 18.50 points, or 0.16 percent, to close at 11,575.95.

Rupee opens 18 paise lower at 70.18 against dollar; easing crude prices, fresh foreign inflows restrict fall
Business

Rupee opens 18 paise lower at 70.18 against dollar; easing crude prices, fresh foreign inflows restrict fall

Strengthening of the American currency in the overseas market weighed on the rupee

Oil slides as US crude production hits record, China, Japan factory output weakens
Business

Oil slides as US crude production hits record, China, Japan factory output weakens

Oil markets remain relatively well-supported by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC)

Oil prices rise on OPEC-led supply cuts, report of falling US crude inventories despite pressure from Donald Trump
Business

Oil prices rise on OPEC-led supply cuts, report of falling US crude inventories despite pressure from Donald Trump

Crude oil has been rising lately, not due to strong growth and rising demand but primarily due to a politically orchestrated cut in production from OPEC and friends, said an analyst