Page 10 - Crude Oil Price
With MCX Crude Oil below Rs 7,050, bears likely to reign; charts suggest
The MCX Crude Oil October futures may see a directional move on breakout from the Rs 6,550-6,900 trading range so far this week. Short-term trend for Natural Gas futures may soon turn negative.
 "With MCX Crude Oil below Rs 7,050, bears likely to reign; charts suggest")
Why are fuel prices at pumps not going down?
From $124 in March, price of crude oil has come down below $90 now. Add it with the oil imports from Russia, the retail prices of fuel should have come down now by now. But it's not. Find out why
 "Why are fuel prices at pumps not going down?")
Oil's not well: Markets likely to slip on crude oil, shows data
The benchmark Nifty50 Index during this time frame has jumped as much as 18%
 "Oil's not well: Markets likely to slip on crude oil, shows data")
Top Headlines: Govt slashes windfall tax, Adani overtakes Tata, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Govt slashes windfall tax, Adani overtakes Tata, and more")
Govt slashes windfall profit tax on domestic crude oil, ATF, diesel export
The move follows moderation in the Indian basket of crude to $92.53/barrel on average in September compared with the August average of $97.4/barrel
 "Govt slashes windfall profit tax on domestic crude oil, ATF, diesel export")
Govt reduces windfall profit tax on domestic crude oil, diesel, ATF
The government reduced tax on domestically-produced crude oil to Rs 10,500 per tonne from Rs 13,300 per tonne
Oil price steadies as demand concerns weigh, supply worries support
Crude has dropped substantially after a surge close to its all-time highs in March after Russia's Ukraine invasion added to supply concerns, pressured by the prospects of recession and weaker demand
 "Oil price steadies as demand concerns weigh, supply worries support")
Bias for MCX Crude Oil still negative; Natural Gas seeks support at 100-DMA
The MCX Crude Oil September futures may trade in a broad range of Rs 6,550 to Rs 7,150 this week. MCX Natural Gas futures seem to be finding support around the 100-DMA.
BPCL, IOC face 200-DMA hurdle despite Brent Crude slipping to 7-mth low
Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices
Crude oil output to go up substantially from next year: Petroleum Secy
Pankaj Jain's comments follows contracts signed by govt for 34 oil exploration blocks; minister Hardeep Singh Puri asserts energy crisis in Europe far worse than India
 "Crude oil output to go up substantially from next year: Petroleum Secy")
Euro leaps parity on ECB to 3-week high, US stock futures eye higher open
The euro rose back above parity to a three-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank
 "Euro leaps parity on ECB to 3-week high, US stock futures eye higher open")
Bonds, rupee strengthen as crude oil prices fall below $90 a barrel
Hope of global index inclusion drags down bond yields, FPI flows bolster rupee
 "Bonds, rupee strengthen as crude oil prices fall below $90 a barrel")
Putin says Russia to stop supplying energy if Western price caps imposed
Speaking at an economic forum in Vladivostok, Putin said European calls for a price cap on Russian gas were 'stupid', and would lead to higher global prices and economic problems in Europe
 "Putin says Russia to stop supplying energy if Western price caps imposed")
Oil slumps below $85 for first time since January on demand fear
US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90
 "Oil slumps below $85 for first time since January on demand fear")
Easing commodity prices, supply snags to lift auto ancillary stks: Analysts
Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.
 "Easing commodity prices, supply snags to lift auto ancillary stks: Analysts")
OPEC+ cuts oil output, gas prices soar: What's next for investors?
OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India
 "OPEC+ cuts oil output, gas prices soar: What's next for investors?")
Oil prices slide as demand fears return after OPEC-led rally on output cut
Oil fell after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+'s first output target cut since 2020
Sensex ends choppy day 49 pts down; DreamFolks rallies 42%; pvt banks weak
DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)
 "Sensex ends choppy day 49 pts down; DreamFolks rallies 42%; pvt banks weak")
In meeting on Russia's Far East, India to focus on expanding oil footprint
PM Modi to address by video four-day meeting of Eastern Economic Forum in Vladivostok
 "In meeting on Russia's Far East, India to focus on expanding oil footprint")
Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view
Rupee logs first weekly gain in four, outperforms all EM currencies
 "Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view")
