Page 2 - Crude Oil Prices

Sensex, Nifty set to gain for seventh straight year; smallcaps underperform

The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance

Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380

On the downside, key support for MCX Crude Oil stands at Rs 6,350, below which a steeper fall to Rs 4,800 seems possible. Rs 413 - 418 is the resistance zone for Natural Gas on Wednesday.

Russia issues decree to ban oil sales to nations adhering price cap: Report

The decree also said that the ban may be lifted in individual cases on the basis of "special decision" from Russian President Vladimir Putin, as per reports

Rupee falls 9 paise to 82.74 against US dollar as crude prices rise

The rupee declined 9 paise to 82.74 against the US dollar in early trade on Tuesday as rising crude prices weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic unit opened weak at 82.71 against the dollar, then slipped further to 82.74, registering a fall of 9 paise over its previous close. In the previous session on Monday, the rupee appreciated 17 paise to close at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 104.11. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 84.30 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 61.14 points or 0.10 per cent higher at 60,627.56. The broader NSE Nifty rose 17.90 points or 0.1 per cent to 18,032.50. Foreign Institutional Investors (FIIs) were net sellers in capital

Rupee opens flat at 82.79 against US dollar as crude oil prices rise

The rupee on Monday started the session on a flat note against the US dollar amid rising crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 82.79 against the dollar and lost ground to later trade at 82.83, registering a fall of 1 paisa over the last close. In the previous session on Friday, the rupee dipped 3 paise to close at 82.82 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower at 104.31. On the domestic equity market front, the 30-share Sensex was trading 434.69 points or 0.73 per cent higher at 60,279.98, while the broader NSE Nifty advanced 128 points or 0.72 per cent to 17,934.80. Global oil benchmark Brent crude futures jumped 3.63 per cent to USD 83.92 per barrel. Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 706.84 crore, as per stock exchange ...

Oil prices up as US crude stocks seen falling, dollar eases in early trade

Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29

Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441

On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.

Russia considers oil price floor in response to cap imposed by G7: Report

Moscow is considering either imposing a fixed price for the nation's barrels, or stipulating maximum discounts to international benchmarks at which they can be sold

Crude concerns: India may have to rely on dark fleets for Russian imports

India will continue to buy Russian oil, and the lack of ships or insurers will not be a hindrance, said an oil ministry official

EU agrees on $60 per barrel price cap on Russian oil, say reports

Restrictions an attempt to squeeze Kremlin's crude oil revenues

Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate

The MCX Crude Oil December futures could test Rs 7,100-level on the upside as long as the commodity manages to sustain above the 100-WMA support.

Crude oil prices can rise up to $110 a barrel in 2023, say analysts

Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply

Russia drafts decree banning sale of oil to price-cap participants

It would essentially ban any reference to a price cap in contracts for Russian crude oil or products, and prohibit loadings destined for any countries that adopt the restrictions

EU diplomats suspend talks on capping Russian oil prices as divisions stick

Poland and the Baltic nations are outraged at a proposal to cap Russian oil prices at $65 per barrel limit, as the level is above the rates Moscow sells crude now

Oil inches up in early trade amid wrangling over Russian oil price cap

Brent crude futures inched up 13 cents, or 0.2%, to trade at $85.47 a barrel at 0121 GMT

Oil prices rise as Saudi comments outweigh recession, China Covid concerns

Brent crude rose 37 cents, or 0.4%, to $87.82 by 0915 GMT. U.S. West Texas Intermediate (WTI) crude was up 46 cents, or 0.6%, at $80.50

Oil prices rise after Saudi Arabia denies report of OPEC+ supply increase

Brent crude futures rose 17 cents, or 0.2%, to $87.62 by 0007 GMT. U.S. West Texas Intermediate (WTI) crude futures for January began trading Tuesday, rising 7 cents, or 0.1%, to $80.11 a barrel

Oil prices sink as China's tightening anti-Covid curbs hurt demand outlook

Crude has erased the gains made at the start of the quarter, when the Organization of Petroleum Exporting Countries and allies including Russia agreed to reduce production by 2 million barrels a day

Rupee closes at 81.70 against dollar amid muted trend in domestic equities

The rupee depreciated 6 paise to close at 81.70 (provisional) against the US dollar on Friday amid a lacklustre trend in domestic equities and firming crude oil prices. However, a weak dollar in the overseas market and fresh foreign capital inflows restricted the loss, forex traders said. At the interbank foreign exchange market, the local unit opened up at 81.59 and later erased all its early gains. During the session, it witnessed a high of 81.52 and a low of 81.78. The domestic unit finally settled at 81.70 against the American currency, registering a fall of 6 paise over its previous close of 81.64. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 106.39. Global oil benchmark Brent crude futures rose 0.36 per cent to USD 90.10 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 87.12 points or 0.14 per cent to end at 61,663.48, while the broader NSE Nifty declined 36.25 p

Oil prices fall on worries of US rate hikes, China demand outlook

Brent crude fell $3.08 to settle at $89.78 a barrel, down 3.3%. U.S. West Texas Intermediate (WTI) crude slid $3.95, or 4.6%, to settle at $81.64 per barrel.