Jan 29, 2015 at 07:42 | Source: CNBC
Asian indices were broadly lower early Thursday, with the exception of New Zealand and the Philippines, following a sell-off on Wall Street overnight as US crude tumbled to near six-year lows.
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 12:32 | Source: Moneycontrol.com
The brokerage house is of the view that a near-term curb on high-cost shale oil production in US and Canada will reduce the current excess supply.
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 16, 2015 at 08:34 | Source: Reuters
Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share against rival suppliers. The rout has put forecasts for the boom in US output in the spotlight.
Jan 16, 2015 at 07:44 | Source: Moneycontrol.com
Globally, US markets fell for the fifth day with the S&P 500 closing below 2,000 for the first time in a month. Asian markets too are trading in the red tracking Wall Street losses with the Japanese Nikkei down almost 2 percent.
Jan 15, 2015 at 08:10 | Source: Reuters
The dollar nursed losses early on Thursday, having retreated across the board after a surprisingly big fall in U.S. retail sales pulled U.S. yields sharply lower
Jan 15, 2015 at 07:40 | Source: Moneycontrol.com
US markets saw a decline for the fourth straight day as December retail sales failed to meet expectations. The US 10-year treasury yield fell 6 basis points to 1.84 percent.
Jan 14, 2015 at 10:24 | Source: PTI
Oil prices slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.
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