Brent heats above $81, WTI in overbought territory after crude oil hits four-month high on Russian oil sanctions
2 months, 2 weeks ago

Brent heats above $81, WTI in overbought territory after crude oil hits four-month high on Russian oil sanctions

Live Mint  

Global crude prices climbed about two per cent to hit a four-month high on Monday, January 13, driven by expectations that broader US sanctions on Russian oil would force buyers in India and China to seek other suppliers. -The US Treasury imposed broader sanctions on Russian oil producers last week amid the Russia-Ukraine war, including Gazprom Neft and Surgutneftegaz and 183 vessels that have shipped Russian crude oil. However, what will happen to crude oil prices and Russia sanctions when Donald Trump takes charge as the new US President next Monday is unclear. Prices surged to 15-week highs amid strict US sanctions on Russian oil and a decline in the US crude oil inventories.

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Russian oil freight rates from Baltic ports to India ease as more Western shipowners return
Trending News
4 days, 19 hours ago

Russian oil freight rates from Baltic ports to India ease as more Western shipowners return

Hindustan Times  

MOSCOW, - Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said. Russian oil freight rates from Baltic ports to India ease as more Western shipowners return …

Oil prices steady as investors watch Russia-Ukraine ceasefire talks and OPEC+ output trends
1 week ago

Oil prices steady as investors watch Russia-Ukraine ceasefire talks and OPEC+ output trends

Firstpost  

Market participants are also monitoring the impact from new Iran-related U.S. sanctions announced last week Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Both benchmarks settled higher on Friday and recorded a second consecutive weekly gain …

Oil prices tick up on US attack on Houthis, China economic hopes
Trending News
1 week, 6 days ago

Oil prices tick up on US attack on Houthis, China economic hopes

Hindustan Times  

By Arathy Somasekhar Oil prices tick up on US attack on Houthis, China economic hopes HOUSTON - Oil prices edged higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand. China's crude oil throughput in January and February rose …

Oil prices decline as investors continue to fret over tariff impact
Trending News
3 weeks ago

Oil prices decline as investors continue to fret over tariff impact

Live Mint  

By Florence Tan SINGAPORE, March 10 - Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC producers, cooled investor appetite for riskier assets. WTI declined for a seventh successive week, the longest losing streak since November 2023, while Brent was down …

Brent logs biggest weekly loss in 4 months, US WTI crashes 4%: Goldman Sachs eyes downside risk ahead of OPEC+ supply
Trending News
3 weeks, 2 days ago

Brent logs biggest weekly loss in 4 months, US WTI crashes 4%: Goldman Sachs eyes downside risk ahead of OPEC+ supply

Live Mint  

Oil prices gained on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. In early trade, Brent jumped as high as $71.40, while WTI hit $68.22 after Russia's Deputy Prime Minister Alexander Novak told reporters that the OPEC producer group will go ahead with its …

Oil Falls to Lowest in Six Months as Trade Wars Cloud Outlook
Trending News
3 weeks, 4 days ago

Oil Falls to Lowest in Six Months as Trade Wars Cloud Outlook

Live Mint  

-- Oil plunged to the lowest in about six months as US President Donald Trump’s trade wars hammer the outlook for demand just as OPEC signals it’s ready to start opening the taps on supply. Trump’s trade measures are threatening to reduce global energy demand and redraw oil flows, though just how they will play out depends on their final …

Oil extends losing streak for third straight day on Trump tariffs, OPEC+ hike: Brent at six-month low, WTI drops 4%
Trending News
3 weeks, 4 days ago

Oil extends losing streak for third straight day on Trump tariffs, OPEC+ hike: Brent at six-month low, WTI drops 4%

Live Mint  

Oil prices declined for a third day on Wednesday after U.S. crude oil stocks posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to proceed with output increases in April, and U.S. President Donald Trump's tariffs on Canada, China and Mexico escalated trade tensions. U.S. crude stocks rose more than expected, while gasoline and distillate …

Oil to snap three-week losing streak as trade war fears ease
1 month, 2 weeks ago

Oil to snap three-week losing streak as trade war fears ease

Live Mint  

By Paul Carsten LONDON - Oil prices rose on Friday and were poised to end three weeks of decline, buoyed by rising fuel demand and expectations that U.S. plans for global reciprocal tariffs would not come into effect before April, providing more time to avoid a trade war. "Positive development on the trade front in light of U.S. tariff delays …

Rupee at record low, crosses 87 per US dollar for the first time as Trump tariffs rattle Asian currencies
1 month, 4 weeks ago

Rupee at record low, crosses 87 per US dollar for the first time as Trump tariffs rattle Asian currencies

Live Mint  

The Indian rupee opened at a record low on Monday, breaching 87 per US dollar for the first time, as Asian currencies slumped amid a surge in US dollar after US President Donald Trump imposed tariffs on the country’s largest trading partners. The dollar index was up 0.3% at 109.8, while Asian currencies weakened, with the offshore Chinese yuan down …

Collateral damage: Indian refiners feel the heat of fresh US sanctions on Russian oil
2 months, 1 week ago

Collateral damage: Indian refiners feel the heat of fresh US sanctions on Russian oil

Live Mint  

New Delhi: Gross refining margins of Indian oil refiners are likely to shrink going ahead post fresh sanctions on two Russian oil producers and nearly 200 crude-carrying vessels, according to sector experts. Decline in public sector GRMs As Russian discounts fall to below $5 per barrel, GRMs of Indian public sector oil marketing companies have already declined by about 80% …

Rupee gains 3 paise to 86.58 against U.S. dollar in early trade
2 months, 2 weeks ago

Rupee gains 3 paise to 86.58 against U.S. dollar in early trade

The Hindu  

The rupee rose 3 paise to 86.58 against the U.S. dollar in early trade on Friday on the back of softening American currency. Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities, capping a significant recovery in the Indian currency, forex traders said. At the interbank foreign exchange, the rupee …

Oil settles lower on expected halt to Houthi shipping attacks
2 months, 2 weeks ago

Oil settles lower on expected halt to Houthi shipping attacks

Live Mint  

By Georgina McCartney HOUSTON -Oil prices settled lower on Thursday with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighing strong U.S. retail sales data. "The Houthi development and the ceasefire in Gaza help the region stay calmer, taking some of the security premium out of oil prices," said John Kilduff, a partner …

Oil inches up, but uncertainty over sanctions impact caps gains
2 months, 2 weeks ago

Oil inches up, but uncertainty over sanctions impact caps gains

Live Mint  

By Emily Chow and Jeslyn Lerh SINGAPORE -Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact. Prices slipped on Tuesday after the U.S. Energy Information Administration predicted oil would come under …

Fresh US sanctions on Russian oil unlikely to have immediate impact on India
2 months, 2 weeks ago

Fresh US sanctions on Russian oil unlikely to have immediate impact on India

Live Mint  

New Delhi: US’s fresh sanctions on two Russian oil producers along with tankers are unlikely to have an immediate impact on India for about the next two months as the crude required for this period has already loaded on vessels and is in transit, a top government official said. Strategic oil sourcing Russia has emerged as the top supplier of …

India Optimistic About Russian Oil Supply Amid US Sanctions
2 months, 2 weeks ago

India Optimistic About Russian Oil Supply Amid US Sanctions

Deccan Chronicle  

New Delhi: As the US Treasury imposed sanctions on Russian oil producers last week, India, the world's third-largest oil importer and consumer, does not expect any disruption to Russian oil supply in the next two months as the US-sanctioned tankers are allowed to discharge crude until March, a top oil ministry official source said on Monday on condition of anonymity. …

Stricter US sanctions threaten Russia's oil trade with India and China: Report
Top News
2 months, 2 weeks ago

Stricter US sanctions threaten Russia's oil trade with India and China: Report

India Today  

New US sanctions on Russian oil producers and ships are expected to disrupt Russia’s oil trade with India and China, two of its largest customers, according to a report by news agency Reuters. The US Treasury announced tougher sanctions on Friday, targeting major Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 ships involved in transporting Russian oil. …

Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts
2 months, 2 weeks ago

Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts

The Hindu  

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said. Russian oil exports will be hurt severely by the new sanctions, which will force Chinese independent refiners to cut refining …

Oil sizzles to 3-month high after US imposes tougher sanctions on Russian crude; Brent rallies 4% to touch $80
2 months, 2 weeks ago

Oil sizzles to 3-month high after US imposes tougher sanctions on Russian crude; Brent rallies 4% to touch $80

Live Mint  

International crude oil prices rallied nearly three per cent to hit their highest in three months in the previous session after commodity traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue amid the ongoing military attacks on Ukraine. US West Texas Intermediate crude futures rose $2.65, or 3.6 per cent, to settle …

Oil prices down on US fuel stocks build, dollar strength
2 months, 3 weeks ago

Oil prices down on US fuel stocks build, dollar strength

Live Mint  

By Nicole Jao NEW YORK -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, compared with analysts' expectations in a …

Oil Climbs in Year’s First Session With US Stockpiles in Focus
Trending News
2 months, 4 weeks ago

Oil Climbs in Year’s First Session With US Stockpiles in Focus

Live Mint  

Oil began 2025 by rising to the highest level since November, boosted by a report of shrinking crude stockpiles in the US and bullish technical indicators. A report from the American Petroleum Institute showed inventories fell by 1.4 million barrels last week, a sixth straight draw if confirmed by government data later Thursday. It’s the fourth straight session of gains, …

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024
2 months, 4 weeks ago

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Live Mint  

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market. Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision. Most …

Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl
3 months ago

Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl

Live Mint  

International crude oil prices settled more than one per cent higher in the previous session, logging a weekly gain in low trading volume ahead of year-end. Back home, crude oil futures settled 0.17 per cent higher at ₹6,045 per barrel on the multi-commodity exchange. -US crude oil inventories fell by 4.2 million barrels in the week ended December 20 as …

Oil prices ease on surplus concerns, dollar strength
3 months, 1 week ago

Oil prices ease on surplus concerns, dollar strength

Live Mint  

By Nicole Jao NEW YORK -Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar. Macquarie analysts projected a growing supply surplus for next year, which will hold Brent prices to an average of $70.50 a barrel, down from this year's average of $79.64, …

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl
3 months, 1 week ago

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl

Live Mint  

International crude oil prices settled little changed in the previous session after markets weighed weak Chinese demand and fewer interest rate-cut expectations by the US Federal Reserve after recent prints of US inflation. -The US dollar retreated from a two-year high but was heading for a third consecutive week of gains after data showed cooling US inflation two days after …

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw
3 months, 1 week ago

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw

Live Mint  

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. The American Petroleum Institute said US stockpiles shrank by 4.7 million barrels last week, which would be a fourth straight decline if confirmed by official figures later Wednesday. That’s been tempered by lackluster Chinese demand and expectations for robust production from …

Oil gains 6% in 5 days over EU sanctions on Russia, Iran & US Fed rate cut bets; Brent sits at 3-week high
3 months, 2 weeks ago

Oil gains 6% in 5 days over EU sanctions on Russia, Iran & US Fed rate cut bets; Brent sits at 3-week high

Live Mint  

International crude oil prices climbed about two per cent in the previous session to settle at a three-week high, driven by expectations that additional sanctions on Russia and Iran could tighten supplies and lower interest rates in Europe and the US Federal Reserve could boost global fuel demand. -Analysts say the price strength is driven by expectations of tighter sanctions …

Oil climbs as Assad's fall brings more uncertainty to Middle East
3 months, 3 weeks ago

Oil climbs as Assad's fall brings more uncertainty to Middle East

The Hindu  

Oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to the Middle East, although the gains were capped by a waning demand outlook for the coming year. "But Saudi Arabia's price reductions and OPEC+'s production cut extension last week underscored weak demand from China, indicating the market may soften toward year-end," he …

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
3 months, 3 weeks ago

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days

Live Mint  

International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak demand despite the Organisation of Petroleum Exporting Countries and its allies 's recent decision to delay the oil output hikes till April 2025 and extend the deep production cuts to …

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict
3 months, 3 weeks ago

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict

Live Mint  

OPEC+ verdict: Leading global investment bankers Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent crude price of $70 per barrel, following a decision by the Organisation of Petroleum Exporting Countries to delay and slow plans for a higher crude output. Brent crude average, oil supply forecasts for 2025 According …

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026
3 months, 3 weeks ago

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026

Live Mint  

International crude oil prices traded higher on Thursday, December 5, after the Organisation of Petroleum Exporting Countries and its allies, in its virtual meeting, decided to delay its planned output increase by three months to April 2025 and extend the full unwind of production cuts by a year until the end of 2026. -According to Reuters calculations, the gradual unwinding …

Oil ticks higher ahead of OPEC+ verdict; Israel-Lebanon tensions provide support: Brent nears $93/bbl
3 months, 3 weeks ago

Oil ticks higher ahead of OPEC+ verdict; Israel-Lebanon tensions provide support: Brent nears $93/bbl

Live Mint  

International crude oil prices rose more than 1.5 per cent on Tuesday, December 3, ahead of the output policy decision by the Organisation of Petroleum Exporting Countries and its allies meeting. Global benchmark Brent crude futures last rose $1.16, or 1.6 per cent, to $72.99 per barrel, while the US West Texas Intermediate crude was last up $1.16, or 1.7 …

Brent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts
4 months ago

Brent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts

Live Mint  

International crude oil prices edged lower in the previous session to log a weekly decline of more than three per cent, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as the Organisation of Petroleum Exporting Countries and its allies is expected to extend output cuts. According to news …

Oil Little Changed in Thin Trading After OPEC Delays Meeting
Trending News
4 months ago

Oil Little Changed in Thin Trading After OPEC Delays Meeting

Live Mint  

-- Oil was steady as traders watched for any further clues to OPEC ’s production plans after it delayed a key virtual meeting by four days. Prices have been buffeted by fluctuating geopolitical tensions in the Middle East, waning demand in top importer China and concerns whether President-elect Donald Trump’s upcoming policies could affect supply from Russia and Iran. “The …

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73
4 months, 1 week ago

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73

Live Mint  

International crude oil prices were steady on Wednesday, November 20, as the escalating war between major oil producer Russia and Ukraine offset a rise in US crude and gasoline stocks. Back home, crude oil futures last traded 0.56 per cent lower at ₹5,825 per barrel on the multi commodity exchange. This has put geopolitical risk back in the market However, …

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
4 months, 2 weeks ago

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The Hindu  

India's export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. "In the 13 months since the oil price cap took effect, over one-third of India's exports of oil products to sanctioning countries was …

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus
4 months, 3 weeks ago

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus

Live Mint  

International crude oil prices settled more than two per cent lower in the previous session as traders grew less fearful of prolonged supply disruptions from a strong hurricane in the US Gulf of Mexico, while top importer China's latest economic-stimulus packages failed to impress some oil traders. Despite Friday's losses, oil prices gained more than one per cent week-over-week, drawing …

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74
4 months, 3 weeks ago

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74

Live Mint  

Crude oil prices slid 2.5% on Wednesday, November 6, snapping a five-day winning streak, weighed down by a stronger US dollar as early reports suggested that Republican candidate Donald Trump is edging closer to securing a second term in the White House. Crude prices have experienced notable fluctuations in recent sessions, influenced by OPEC+'s decision to delay December production plans …

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak
4 months, 3 weeks ago

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak

Live Mint  

International crude oil prices edged one per cent higher to hit a one-week high on Tuesday, November 5, ahead of what is expected to be an exceptionally close US presidential election, after rising more than more than two per cent in the previous session as the Organisation of Petroleum Exporting Countries delayed plans to hike crude supply and production in …

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor
5 months, 1 week ago

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor

Live Mint  

Oil prices remain volatile as the Middle East war rages on, with Brent crude futures settling higher for the second consecutive session. China's recent efforts to stimulate its economy are expected to have a positive impact on oil demand, but it may take some time for the stimulus efforts to filter through to oil demand. Global oil inventories point to …

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor
5 months, 4 weeks ago

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor

Hindustan Times  

Oil prices fell on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East. A panel of top ministers from the OPEC producer group meets on Oct. 2 to review the market, with no policy changes expected. The possibility of Libyan oil output recovering also weighed on the market.

Lebanon crisis: Oil prices climb on Middle East tensions
6 months, 1 week ago

Lebanon crisis: Oil prices climb on Middle East tensions

Hindustan Times  

Oil prices rose on Tuesday on news of monetary stimulus from top importer China and concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world's biggest crude producer. The crude oil market has been looking desperately towards Chinese authorities for further easing measures to counter the economic slowdown," …

Investors turned more bearish on oil last week than ever
6 months, 1 week ago

Investors turned more bearish on oil last week than ever

The Hindu  

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the first time, data from the Intercontinental Exchange showed on Friday. “This …

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
6 months, 3 weeks ago

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook

Live Mint  

Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this week on three reports that may clarify the demand outlook. Traders are in line for bumper crop of market insights this week as the three most prominent forecasters — OPEC, the Energy Information Administration and …

Russia raises estimates for oil and gas export sales
6 months, 3 weeks ago

Russia raises estimates for oil and gas export sales

Live Mint  

Sept 6 - Russia's economy ministry revised up its forecasts for export sales of oil and gas, key sources of budget revenue, by $17.4 billion from a previous estimate to $239.7 billion this year thanks to a more positive price outlook, a document seen by Reuters showed. Following is a table of the ministry's key updated forecasts. Previous estimates made …

Stock markets trade marginally lower, Sensex down by 60 points, Nifty at 25,266
6 months, 4 weeks ago

Stock markets trade marginally lower, Sensex down by 60 points, Nifty at 25,266

India TV News  

A day after hitting an all-time high, the equity benchmark indices opened in red on Tuesday. Global oil benchmark Brent crude declined 0.40 per cent to USD 77.21 a barrel. Rupee against dollar The rupee declined 4 paise to 83.95 against the US dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic …

Oil prices ease on China demand fears, focus on Mideast talks
7 months, 1 week ago

Oil prices ease on China demand fears, focus on Mideast talks

Live Mint  

By Yuka Obayashi TOKYO, - Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Both benchmarks fell nearly 2% last Friday as investors tempered expectations of demand growth …

Rupee turns flat at 83.73 against U.S. dollar in early trade
7 months, 4 weeks ago

Rupee turns flat at 83.73 against U.S. dollar in early trade

The Hindu  

The Rupee turned flat at 83.73 against the U.S. currency on August 2 amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, “the Indian currency found support due to softening the dollar against major rivals following the U.S. Federal Reserve’s decision to maintain the status quo on interest rates and some inflows …

Rupee rises 1 paisa higher against U.S. dollar in early trade
7 months, 4 weeks ago

Rupee rises 1 paisa higher against U.S. dollar in early trade

The Hindu  

The rupee opened 1 paisa higher at 83.67 against the U.S. currency on August 1 after the Federal Reserve held the rates, but said a September rate cut could be on the table. The U.S. dollar declined marginally in overseas markets but Brent crude oil prices rose further, limiting gains for the domestic currency. At the interbank currency exchange, the …

Oil prices drop as investors react to Biden’s exit, focus on Fed rate cuts; brent crude at $81.95/bbl
8 months, 1 week ago

Oil prices drop as investors react to Biden’s exit, focus on Fed rate cuts; brent crude at $81.95/bbl

Live Mint  

Oil prices declined on Monday following President Joe Biden's announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. U.S. West Texas Intermediate crude futures dropped 69 cents to $79.44 per barrel. Meanwhile, China's slower-than-expected economic growth of 4.7% in the second quarter raised concerns about the country's …

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