Page 9 - Oil Prices

Oil prices surge on weakening dollar, potential supply disruptions

Brent crude futures rose 38 cents, or 0.4%, to $94.48 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude rose 46 cents, or 0.5%, to $88.94

Despite over 20% rally from June lows, analysts bullish on broader markets

With the recent rally, the Nifty Midcap 100 now trades at an 18-per cent premium to large-caps at 23.2x

Sensex rises 322 pts, Nifty tops 17,900 amid global rally; IT stocks shine

CLOSING BELL: Tech M, Titan, Axis Bank, Infosys, Ultratech Cement, Bajaj Finance, Tata Steel, Wipro, RIL, and TCS were the top large-cap winners

Top Headlines: Gyanvapi verdict today, Russia's discounted oil, and more

In a bid to counter the growing clamour among the G7 nations to enforce a price cap on Russian oil, Moscow told New Delhi it is willing to provide petroleum at even lower rates than before to India

Oil prices surge 4% on supply cut threats, still set for weekly drop

Brent crude rose $3.69, or 4.1%, to settle at $92.84 a barrel. U.S. West Texas Intermediate (WTI) crude rose $3.25, or 3.9% to settle at $86.79 a barrel

Oil prices dip on rate-hike, demand fears; benchmarks down by 4% this week

Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks' aggressive rate hikes

ICICI, Axis, HDFC Bank lift Sensex 659 pts, Nifty near 17,800; metals dip

CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent

Oil slides to 7-month low on renewed demand fears, rate hike expectations

Brent crude futures fell $1.08, or 1.2%, to $91.75 a barrel by 0644 GMT after slipping 3% in the previous session. The contract hit a session low of $91.20, the lowest since Feb. 18

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)

Oil jumps $3 as OPEC-plus plans to cut oil output targets by 100,000 bpd

Oil prices have fallen in the past three months from multi-year highs hit in March, pressured by concerns that interest rate increases and Covid curbs in parts of China could dent oil demand

Oil prices surge to more than $1/barrel ahead of OPEC+ supply cut prospect

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day

Oil prices rise on hopes OPEC+ will discuss output cuts in next meet

Brent crude futures rose 66 cents to settle at $93.02 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 26 cents to settle at $86.87 a barrel

Rupee avoids sell-off against a rampant USD, closes flat on oil price drop

The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week high of 79.31 during the session

Top headlines: GST collections rise 28% in Aug; export tax on diesel hiked

The government raised the tax on the export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil in line with rising product margins and oil prices

G7 set to discuss cap on price of Russian oil in bid to ease prices

The European Union, UK and Switzerland all plan to ban their companies from providing those services for Russian oil shipments beginning in December

World stocks fall and oil prices slide on rate and recession fears

Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand

Amid rising prices, oil companies invest heavily in offshore drilling

Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on

Oil prices slide more than $7 on inflation concerns and Iraq exports

Investors will watch the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC-plus, on Sept 5

Oil prices mixed as OPEC supply cut prospect neutralises demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell

Oil prices dip after US Fed chair Powell warns of economic pain ahead

Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.