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Commodity Capsule: Oil prices fell sharply on Monday

Commodity Capsule: Oil prices fell sharply on Monday

Mon, Oct 28, 2024

Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend

Brent crude fell by about 2.5%

Brent crude fell by about 2.5%

Tue, Oct 01, 2024

Brent crude slipped below $70, Brent crude fell by about 2.5%

Bad condition of Brent crude, till when will the prices of crude fall?

Bad condition of Brent crude, till when will the prices of crude fall?

Fri, Sep 27, 2024

Saudi attack on Brent Crude. Bad condition of Brent Crude! How long will the prices of Crude fall? When will there be stagnation in crude oil? And will crude oil slide? Know complete details in this video.

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Oil edges lower amid scepticism about output freeze

Oil edges lower amid scepticism about output freeze

Wed, Sep 07, 2016

Oil prices inched lower on Wednesday as market participants remained sceptical that producers will reach an agreement to freeze output to rein in a global supply glut.

Saudi Arabia, Russia sign oil pact; may freeze output in future

Saudi Arabia, Russia sign oil pact; may freeze output in future

Tue, Sep 06, 2016

Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.

Rising oil import prices may become Asia's growing pain

Rising oil import prices may become Asia's growing pain

Sun, Sep 04, 2016

Asia`s net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.

Oil up but heads for biggest weekly loss in 8 months

Oil up but heads for biggest weekly loss in 8 months

Fri, Sep 02, 2016

"Prices are up on a weaker dollar in the aftermath of the U.S. ISM numbers yesterday and Putin`s latest attempt to stabilise the price," said Saxo Bank senior manager Ole Hansen.

Crude oil falls towards $49 per barrel on high output, strong dollar

Crude oil falls towards $49 per barrel on high output, strong dollar

Mon, Aug 29, 2016

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East organisation of OPEC members and as a stronger US dollar weighed on commodities.

Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze

Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze

Fri, Aug 26, 2016

Oil prices dipped in early trading on Friday after the Saudi Arabia energy minister tempered expectations of strong market intervention by producers during talks next month.

Asia slips on weaker Wall Street, dollar marks time before Yellen

Asia slips on weaker Wall Street, dollar marks time before Yellen

Thu, Aug 25, 2016

Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by US Federal Reserve Chair Janet Yellen at the global central bankers' meeting.

Oil prices fall on unexpected US crude stocks build; fears over China demand

Oil prices fall on unexpected US crude stocks build; fears over China demand

Wed, Aug 24, 2016

Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry.

Oil prices fall over 1% as analysts say market still oversupplied

Oil prices fall over 1% as analysts say market still oversupplied

Tue, Aug 23, 2016

Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.

Oil prices fall on doubts producers can agree output restraint

Oil prices fall on doubts producers can agree output restraint

Wed, Aug 17, 2016

Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.

US stocks hits new record highs on rising oil prices

US stocks hits new record highs on rising oil prices

Mon, Aug 15, 2016

The Dow Jones Industrial Average and the broad-based S&P 500 rose 0.4% around mid-day in New York as the tech-rich Nasdaq Composite Index advanced nearly 0.7%.

Rosneft Q2 profit tumbles 33% on low oil prices

Rosneft Q2 profit tumbles 33% on low oil prices

Mon, Aug 15, 2016

Rosneft's total revenue suffered a 7.8% drop, falling to $19.2 billion, slightly exceeding the expectations of analysts quoted by Russia's Interfax news agency.

Oil rises on hopes of Russia to talk to producers on stabilising prices

Oil rises on hopes of Russia to talk to producers on stabilising prices

Mon, Aug 15, 2016

On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Asian shares ease as Japan's economic growth stalls in Q2

Asian shares ease as Japan's economic growth stalls in Q2

Mon, Aug 15, 2016

Asian shares inched back from one-year peaks on Monday after Japanese data showed the world's third largest economy hit an air pocket last quarter, while oil prices held onto their recent gains as markets globally made a slow start to the week.

Asian shares rise after Wall Street hits record highs, China data awaited

Asian shares rise after Wall Street hits record highs, China data awaited

Fri, Aug 12, 2016

Chinese indicators to be released on Friday include industrial output and retail sales.

IEA cuts oil demand forecast on Brexit impact

IEA cuts oil demand forecast on Brexit impact

Thu, Aug 11, 2016

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

'Oil prices' role in India's disinflation relatively modest', IMF says

'Oil prices' role in India's disinflation relatively modest', IMF says

Wed, Aug 10, 2016

Nothing that the bulk of the disinflation (45 per cent), however, can be attributed to a moderation in the historical dynamics of inflation that influence contemporaneous inflation, the paper said, "We also find an important role for forward-looking expectations... Almost 35 per cent of the disinflation can be attributed to this."

Oil prices fall over 1% on surge in dollar

Oil prices fall over 1% on surge in dollar

Fri, Aug 05, 2016

Oil prices fell 1 percent on Friday as the dollar surged on robust U.S. jobs data, reasserting its influence over commodities as two days of short-covering and bargain-hunting in crude fizzled, bringing attention back to oversupplies.

WATCH: Top 5 stories of this evening; From Govt setting inflation target at 4% to fall in oil prices on oversupply concerns

WATCH: Top 5 stories of this evening; From Govt setting inflation target at 4% to fall in oil prices on oversupply concerns

Fri, Aug 05, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this evening: 1. Govt pegs inflation target at 4% for 5 years

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