Page 31 - Crude Oil

Oil rises over 6% after price war sparks biggest daily rout since 1991

Analysts do not expect oil prices to regain the nearly 25 per cent slump from Friday's close as the coronavirus outbreak cuts demand

Wall Street suffers biggest one-day loss since 2008 as investors panic

Benchmark 10-year US Treasury yields briefly sank to 0.318 per cent, a record low

Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more

Here's a selection of Business Standard Opinion pieces for the day.

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

After coronavirus, it's a crude shock: Markets see worst rout in 5 years

The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.

Donald Trump blames oil fight, 'fake news' for stock market drop

Throughout his presidency, Trump has frequently pointed to rising stock prices and record-high market indexes as a signal of the American economy's health.

Crude collapse exposes Big Oil's weak points as valuations crash

Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.

Low oil prices good for importing countries like India: HPCL chairman

What happened in China is, to some extent, related to COVID-19, but (the fall in oil price) is independent in its own ways

Crude oil-linked agro commodities fall sharply, Guar, CPO lead decline

CPO is used to make bio-fuels and is influenced by the movement in crude oil; Guar gum fell because it is used in fracking, a method of extracting shale gas

Black Monday for commodities across the board as crude sheds 31%

Brokers facing margin calls, started selling all commodities to pay for losses

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level

Lower crude regime to impact upstream companies, dampen capex plans

Firms fear huge impact on top lines, say investments in oil and gas sector will be affected

Crude oil shock: MCX raises margin to 60% to prevent client defaults

Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Bullion, base metals, crude oil jump on US Fed's surprise interest rate cut

Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk

Virus scare: Oil lower despite Fed rate cut and hopes for OPEC+ output cut

Brent crude lost 17 cents to trade at $51.73 a barrel by 1:28 p.m. EST (1628 GMT). U.S. crude traded 1 cent lower at $46.74 a barrel

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

For the week, Brent lost almost 14 per cent, its biggest weekly percentage decline since January 2016, while WTI fell over 16% in its biggest weekly percentage drop since December 2008

Coronavirus impact: BPCL snaps up 500 mn barrels of distress crude

Meanwhile BPCL has been the biggest customer of US crude since the last two years, when that country lifted the ban on exporting crude for the first in decades

Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst