Oil

Oil

Oil Prices Rise to Near $90 as OPEC Cut Looms

Oil prices rose further on Tuesday as markets positioned for the biggest supply cut by OPEC since the 2020 COVID crisis, with weakness in the dollar also helping. London-traded Brent oil futures the global benchmark, rose 0.6% to $89.28 a barrel, while¬†West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts jumped […]

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Oil

Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms

Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark,  were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), […]

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Oil

Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

Oil prices held near eight-month lows on Monday after falling sharply last week as markets feared that slowing global economic activity will dent demand for crude. Anderson-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts […]

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Oil

Petrol price crosses Rs 100/litre mark in Delhi

By Administrator_India Capital Sands Petrol price on Wednesday crossed the Rs 100-a-litre mark after fuel prices were increased in line with firming international oil trends. Petrol price was increased by 35 paise per litre and diesel by 23 paise a litre, according to a price notification of state-owned fuel retailers. In Delhi, petrol now costs Rs 100.21 […]

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Economic news
Oil

Dollar heads toward weekly gain as oil shock reveberates

By Administrator_India Capital Sands The dollar was headed for its best week since early April on Friday, as tumbling oil prices weighed on commodity currencies and division over Europe’s emergency fund dragged on the euro. The dollar stands near a two-and-a-half-week high against a basket of currencies and is 0.8% stronger for the week. It […]

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Europe Weakens; Weighed by Losses in Oil Sector
Commodity
Oil

Europe Weakens; Weighed by Losses in Oil Sector

By Administrator_India Capital Sands European stock markets sold off Tuesday, weighed by losses in the energy sector as investors react to the price of oil turning negative overnight. At 4:25 AM ET (0825 GMT), the U.K.’s FTSE index traded 1.5% lower, France’s CAC 40 was down 2.1%, while the DAX fell 2.2%. The broader based Stoxx 600 Europe index dropped 1.4%.  The price […]

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