Page 17 - Oil Prices

Sensex ends near day's low, dips 435pts; Nifty below 18K; HDFC Bank down 3%

CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment

Oil prices up, Asian shares slip after tech rally on Wall Street

Shares fell Tuesday in Asia and oil prices advanced after a tech-driven rally on Wall Street. Trading was light with many regional markets including those in China closed for holidays. Tokyo's Nikkei 225 index edged 0.1% lower to 27,705.25 and the Kospi in Seoul also fell 0.1%, to 2,755.36. The S&P/ASX 200 gained 0.7% to 7,565.80. Malaysia fell while Singapore gained. Russia's invasion of Ukraine has elevated concerns about rising inflation and the impact on global economic growth. Prices for everything from food to clothing were already rising and the war has added to volatility for energy prices. The World Bank has downgraded its 2022 growth forecast for the Asia-Pacific region to 5% from 5.4%, in part due to disruptions to supplies of commodities, financial strains and higher prices. That follows a rebound to 7.2% growth in 2021 after many economies experienced downturns with the onset of the pandemic. The report forecasts slower growth and rising poverty in the Asia-Pacific

ExxonMobil flags biggest profit in 13 years due to surging oil prices

Exxon said Monday that first-quarter results may have been as much as $2 billion higher than earnings during the final three months of 2021

Oil jumps toward $108 as supply fears persist despite reserves release

Oil also gained support from a pause in talks in Vienna to revive the Iran nuclear deal

Oil prices rise above $105 a barrel as supply concerns persist

Saudi oil facilities have come under attack by the Houthis during the conflict, adding to supply disruption from Russia

Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%

CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers

Oil inches up as supply concerns weigh despite reserve release, Yemen truce

The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.

Oil falls nearly 13%, most in 2 years after oil stockpile release

Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever US oil reserves release

Oil set for biggest weekly losses in 2 years after oil stockpile release

JPMorgan said in a note it had kept its price forecasts unchanged at $114 a barrel for the second quarter and $101 a barrel in the second half of this year

LIVE: 'Russia breaking promises on Mariupol humanitarian corridor'

The governor of Ukraine's eastern Donetsk region on Friday accused Russia of breaking its promises in terms of allowing humanitarian aid to reach the city of Mariupol

Oil benchmarks on course for biggest weekly losses in 2 years

The benchmark Brent and WTI contracts were both on course for their biggest weekly falls in two years at 13% and 12%, respectively

High oil prices, Russia-Ukraine war at Saudi pivot point: An analysis

For Saudi interests, however, perhaps no other country in the world stands to rapidly benefit financially from the war as the kingdom

Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650

CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each

Oil prices fall as IEA members meet to discuss stocks release

The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively

Oil seesaws ahead of consumer nations' meeting on stocks release

U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.

Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate

India also gets offer of rupee-ruble-denominated payments

India supports release of oil from reserves to cool prices: Union minister

As oil prices dived on news that the US was considering record release from the reserves, India said it supports the initiative to let out from the strategic stockpile to cool rising oil prices

Oil prices tumble over $5 a barrel as Biden weighs massive reserves release

Brent futures were down $4.71, or 4.2%, to $108.58 a barrel and U.S. West Texas Intermediate futures were down $5.45, or 5%, to $102.74 a barrel at 0035 GMT.

Oil prices rebound on tight supply, prospects of new Russia sanctions

US West Texas Intermediate (WTI) crude futures rose $2.72, or 2.6%, to $106.96 a barrel, erasing a 1.6% drop on Tuesday

Oil drops $6 on positive signals from Russia-Ukraine peace talks

Sanctions imposed on Russia over its invasion of Ukraine have disrupted oil supplies, driving prices higher