Jan 31, 2015 at 15:57 | Source: Reuters
In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than USD 53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week.
Jan 30, 2015 at 10:58 | Source: Reuters
Global oil prices had firmed slightly on Thursday but not before U.S. crude hit a near-six-year low and benchmark Brent pared gains on data showing fresh additions to record-high U.S. oil inventories.
Jan 30, 2015 at 08:01 | Source: Reuters
US stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over US monetary policy.
Jan 28, 2015 at 17:36 | Source: CNBC-TV18
Asian Paints, the largest paint company in India, is likely to see better profitability in Q3 due to favorable raw material costs. Consolidated profit is expected to rise a healthy 29.8 percent year-on-year to Rs 428 crore during October-December quarter.
Jan 28, 2015 at 10:35 | Source: PTI
US benchmark West Texas Intermediate for March delivery fell 75 cents to USD 45.48 while Brent for March eased 60 cents to USD 49 in mid-morning trade.
Jan 27, 2015 at 12:29 | Source: Reuters
Saudi Arabia is the world's top oil exporter and largest producer in OPEC, which in November declined to cut its oil output to arrest the decline in oil prices and decided instead to focus on market share
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 23, 2015 at 15:04 | Source: CNBC
Nymex WTI crude oil futures rose as much as 2.5 percent to USD 47.76 after the news broke but trended back down to USD 47.25 by mid-day in Asia.
Jan 23, 2015 at 07:52 | Source: CNBC-TV18
The global cues are positive with European Central Banks Mario Draghi announcing a bond-buying programme worth over one trillion euros to stave off the deflation threat. The purchases will start on March this year and will last till September 2016.
Jan 22, 2015 at 16:37 | Source: Moneycontrol.com
Operating profit was down 23.7 percent quarter-on-quarter to Rs 2,027 crore and margin plunged 890 basis points to 57.8 percent, impacted by lower realisations.