A Quick View
"Crude oil is down 27 points to Rs 4832 and could test support at Rs 4800 intraday. The OPEC is due to meet in late June and reports indicate that the cartel along with Russia is open
Asian markets were mixed after US President Donald Trump canceled a scheduled summit with Kim Jong Un.
A possible drop in Venezuela's crude output after a disputed presidential election, potential US sanctions on the country and US' stance on Iran are the key price drivers.
462-460 whereas aluminum and Lead may trend higher to test weekly highs. Nickel is also expected to trade with a negative bias and short selling may emerge below intraday support at Rs 986.Crude oil
A surprise build up in crude oil inventories in the United States also weighed on prices, driving the spread between Brent crude and U.S. West Texas Intermediate (WTI) close to its widest in three
crude oil prices.
The government has not failed in controlling the prices of petrol and diesel but its due to steep rise in crude prices in international market and breaking of US-Iran pact, which has affected
India's crude steel production grew 4.4 percent to 8.59 million tonne (MT) during April 2018, according to official data. The country had produced 8.22 MT during the same month a year ago
Investors closely watch corporate earnings, and the movement in crude oil prices and rupee.
Higher crude oil prices and the rupees weakness will continue to dampen sentiment putting pressure on the fiscal deficit and bond yields in the short term, Vikas Jain of Reliance Securities feels
Sectors which are likely to see increasing pressure thanks to a rise in crude oil prices are upstream oil companies.
Brent crude futures were at $79.37 per barrel at 0110 GMT, up 15 cents, from their last close. Brent broke through $80 for the first time since November 2014 last week.
Moneycontrol NewsPetrol and diesel prices are already running at all-time high levels. But the bad news may not end at the petrol pumps.The rising crude has a direct, or indirect, impact on almost
instead of passing on the benefits of relatively low international crude price to consumers.
Shishir AsthanaMoneycontrol ResearchAs if the political drama was not enough, rising crude price is hurting market sentiment further.Oil has hit a three-and-a-half year high of $80 per barrel, thanks
-operation and Development (OECD) inventories, tight demand-supply balance amid declining production and a weak dollar are some of the key factors which led to a rise in Brent crude oil price to $80/bbl.A meaningful rise
Rising crude oil prices will add to the inflationary pressure in the domestic economy, coupled with weakening of the rupee against the dollar and dramatic political scenario in Karnataka.
Brent crude futures were at $79.13 per barrel at 0121 GMT, up 62 cents, or 0.8 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.
Lundberg says the increase is largely driven by higher crude oil costs and the phasing-in of summer-grade gasoline, which is used to prevent smog.
Kshitij Anand Moneycontrol NewsPolitical drama emerging out of Karnataka as well as boiling crude oil prices, which are hovering near the $80 a barrel, are enough to take the Indian market lower
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