Oil futures open lower in electronic trading, extend losses from last week; traders expect demand to fall for months
Trading in oil was extremely volatile last week, in an extension of the selling that has dominated trading since early March as demand collapsed 30 percent due to the pandemic.
Brent oil futures plunge again as growing glut feeds market panic; coronavirus pandemic obliterates fuel demand
Tuesday set a new milestone as more than 2 million contracts for US crude for delivery in June changed hands, the busiest day in history, according to exchange operator CME Group
During the day, the rupee lost further ground and touched a low of 71.49, before finally settling for the day at 71.40 against the US dollar, down 22 paise over its previous close.
Sensex gains 60 points in early trade led by gains in banking stocks, foreign fund inflows; Nifty trades almost flat
Sensex was trading 60.48 points or 0.16% higher at 38,659.47 in morning trade, while Nifty was trading almost flat - up 2 points or 0.02% at 11,466
Rupee slips 17 paise to 71.71 against dollar in early trade amid crude prices, increasing demand for greenback
The Indian rupee on Tuesday had closed at 71.54 against the US dollar
Markets open on positive note: Sensex advances over 150 points, Nifty up; energy, banking stocks early gainers
Sensex was trading 158.41 points, or 0.41 percent, higher at 38,664.50 at 0930 hours, while the broader NSE Nifty rose 50.75 points or 0.44% to 11,479.05
The rupee on Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency.
Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest level
Despite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40% and 30% respectively since the start of the year.
Snapping a four-session downturn, the rupee had appreciated by 23 paise to end at 71.11 against the US dollar on Wednesday.