Jan 31, 2015 at 15:44 | Source: CNBC-TV18
With oil falling from USD 100 a barrel to USD 50 a barrel, Sajjid Chinoy, chief economist at JPMorgan India is expecting a current account surplus for the first time in eight years in the current January-March quarter.
Jan 28, 2015 at 11:58 | Source: PTI
At the Multi Commodity Exchange, crude oil for delivery in February fell by Rs 24, or 0.84 percent, to Rs 2,818 per barrel in 2,486 lots. Oil for the far-month March delivery moved down by Rs 22, or 0.75 percent, to Rs 2,893 per barrel with a turnover of 156 lots.
Jan 27, 2015 at 10:07 | Source: PTI
Oil has lost more than half its value since June last year when the commodity was sitting at more than USD 100 a barrel due to a supply glut, boosted largely by robust US shale oil production, and weak global demand
Jan 21, 2015 at 10:43 | Source: Reuters
Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to USD 25 a barrel without supportive OPEC action.
Jan 16, 2015 at 13:39 | Source: CNBC-TV18
Mahantesh Sabarad, Deputy Head-Research, SBICap Securities expects 75-100 bps rate cut in FY16 and sees crude settling around USD 70 per barrel and feels that one may prefer stocks like PNB and ONGC.
Jan 16, 2015 at 10:46 | Source: Reuters
Brent futures edged higher on Friday, holding above USD 48 a barrel on positive technical price momentum, although few analysts expect a strong rebound anytime soon as global output continues to outweigh demand.
Jan 13, 2015 at 11:00 | Source: Moneycontrol.com
Crude oil futures fell sharply by 22.28 percent to Rs 2824 per barrel today as speculators engaged in trimming positions amid a weak trend in Asian markets.
Jan 10, 2015 at 12:35 | Source: Reuters
Crude oil slipped under USD 50 a barrel as Brent, the global benchmark, posted a seventh straight weekly loss. Gold rose and notched its first weekly gain in four weeks as political uncertainty in Greece boosted demand for safe-haven assets.
Jan 08, 2015 at 14:00 | Source: Moneycontrol.com
Brent crude erased all its gains, falling 0.37 percent to USD 50.96 a barrel while US crude lost 0.08 percent to USD 48.61 a barrel. The Indian rupee too extended recovery, rising 48 paise to 62.69 a dollar.
Jan 07, 2015 at 16:00 | Source: Moneycontrol.com
The big news of the day was that the Brent crude oil prices fell below USD 50 a barrel for the first time since May 2009 on supply glut worries. It was down 0.86 percent to USD 47.60 a barrel and US crude declined 0.69 percent to USD 47.60 a barrel.