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  • GDP numbers below expectations; Nifty likely to touch 14,250 levels in short-term: Nirali Shah of Samco Securities Feb 28, 2021 09:32 AM IST

    GDP numbers below expectations; Nifty likely to touch 14,250 levels in short-term: Nirali Shah of Samco Securities

    Investors can move their money to pharma stocks during this correction as they have been consolidating for some time now and could see some pickup, says Shah.

  • MCX Crude oil futures for March series scale a fresh high of Rs 4,635 per barrel Feb 25, 2021 04:33 PM IST

    MCX Crude oil futures for March series scale a fresh high of Rs 4,635 per barrel

    The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 78.33 which indicates the price is nearing the overbought level.

  • Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low Feb 25, 2021 03:55 PM IST

    Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low

    Brent crude futures for April gained 33 cents, 0.49 percent, to $67.37 a barrel by 0925 GMT, while US West Texas Intermediate crude for April was at $63.45 a barrel, up 23 cents, 0.36 percent.

  • Oil rises despite surprise US stock build weighs Feb 24, 2021 09:40 PM IST

    Oil rises despite surprise US stock build weighs

    As crude is priced in dollars, a weaker greenback makes buying the commodity cheaper for holders of other currencies.

  • Crude oil futures jump 0.54% to Rs 4,499 per barrel; Brent trades near $65 Feb 24, 2021 04:27 PM IST

    Crude oil futures jump 0.54% to Rs 4,499 per barrel; Brent trades near $65

    In the futures market, crude oil for March delivery touched an intraday high of Rs 4,507 and an intraday low of Rs 4,427 per barrel on MCX.

  • Oil holds near year-long highs as COVID lockdowns seen easing Feb 23, 2021 10:42 PM IST

    Oil holds near year-long highs as COVID lockdowns seen easing

    Goldman Sachs expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously, and $75 in the third quarter from $65 forecast earlier.

  • Sebi to introduce pre-expiry margins to curb negative price scenarios Feb 23, 2021 08:03 PM IST

    Sebi to introduce pre-expiry margins to curb negative price scenarios

    The matter of negative crude oil price event was deliberated upon by the Risk Management Review Committee (RMRC) of Sebi.

  • MCX March Crude oil futures hit fresh high of Rs 4,566, Brent trades near $65 a barrel Feb 23, 2021 04:01 PM IST

    MCX March Crude oil futures hit fresh high of Rs 4,566, Brent trades near $65 a barrel

    Crude oil has bounced back sharply after a brief correction and may remain firm ahead of the inventory report which will give clarity on demand-supply impact from a recent cold snap in the US.

  • Oil prices rise as storm-hit US output set for slow return Feb 22, 2021 10:38 PM IST

    Oil prices rise as storm-hit US output set for slow return

    Abnormally cold weather in Texas and the Plains states forced the shutdown of up to 4 million barrels per day (bpd) of crude production along with 21 billion cubic feet of natural gas output, analysts estimated.

  • Crude oil futures climb 0.84% to Rs 4,340 on MCX, WTI crude trades below $60 a barrel Feb 22, 2021 05:10 PM IST

    Crude oil futures climb 0.84% to Rs 4,340 on MCX, WTI crude trades below $60 a barrel

    The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.

  • Output cuts by OPEC, COVID-19 main reasons behind fuel price hike: Oil Minister Dharmendra Pradhan Feb 21, 2021 06:28 PM IST

    Output cuts by OPEC, COVID-19 main reasons behind fuel price hike: Oil Minister Dharmendra Pradhan

    The crude prices have been going up in the international market since November 2020, with the Brent oil rate hovering above $60 over the past few days.

  • Crude oil futures dip nearly 2% to Rs 4,332; WTI trades below $60 a barrel Feb 19, 2021 04:05 PM IST

    Crude oil futures dip nearly 2% to Rs 4,332; WTI trades below $60 a barrel

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,361 and an intraday low of Rs 4,257 per barrel on MCX.

  • MCX February crude oil futures scale new high of Rs 4,500, Brent trades above $65 a barrel Feb 18, 2021 04:27 PM IST

    MCX February crude oil futures scale new high of Rs 4,500, Brent trades above $65 a barrel

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,500 and an intraday low of Rs 4,451 per barrel on MCX.

  • Kuwait plans to shorten oil supply deals for some Asian buyers Feb 17, 2021 07:43 PM IST

    Kuwait plans to shorten oil supply deals for some Asian buyers

    The fourth-biggest producer in the Organization of the Petroleum Exporting Countries (OPEC) said it would assess the situation in over October and November before committing supplies for the first quarter of 2022, the sources said.

  • Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts Feb 17, 2021 07:13 PM IST

    Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts

    Price-sensitive Indian consumers are affected by the rising petroleum product prices and it affects the demand growth in an aspirational economy like India, the minister says.

  • Crude oil futures rise 1% to Rs 4,404 per barrel; Brent hovers around $64 Feb 17, 2021 04:11 PM IST

    Crude oil futures rise 1% to Rs 4,404 per barrel; Brent hovers around $64

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,415 and an intraday low of Rs 4,372 per barrel on MCX.

  • Commodity rally raises hopes of new bull run Feb 17, 2021 11:05 AM IST

    Commodity rally raises hopes of new bull run

    Asset class benefits from investor demand for a hedge against increased inflation

  • Crude oil futures slip 0.46% to Rs 4,349 per barrel on profit booking Feb 16, 2021 04:20 PM IST

    Crude oil futures slip 0.46% to Rs 4,349 per barrel on profit booking

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,387 and an intraday low of Rs 4,333 per barrel on MCX.

  • Oil hits 13-month highs as market rebalances Feb 15, 2021 09:25 PM IST

    Oil hits 13-month highs as market rebalances

    Russian Deputy Prime Minister Alexander Novak said the global oil market is on a recovery path and the oil price this year could average $45-$60 a barrel.

  • MCX crude oil futures hits fresh high of Rs 4,424, Brent trades above $63 a barrel Feb 15, 2021 04:57 PM IST

    MCX crude oil futures hits fresh high of Rs 4,424, Brent trades above $63 a barrel

    Money managers raised their net long US crude futures and options positions by 29,566 contacts to 383,715 during the last week (February 12), according to data from US CFTC.

  • World shares dip and Bitcoin hits record high Feb 12, 2021 06:54 PM IST

    World shares dip and Bitcoin hits record high

    Investors weighed some tepid economic data against increasing COVID-19 vaccinations and the prospect that more government spending and continued cheap money from central banks will drive higher growth and, eventually, inflation.

  • Crude oil falls 0.94% to Rs 4,201 per barrel on weak demand outlook Feb 12, 2021 05:46 PM IST

    Crude oil falls 0.94% to Rs 4,201 per barrel on weak demand outlook

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,231 and an intraday low of Rs 4,183 per barrel on MCX.

  • OPEC again cuts 2021 oil demand view, sees H2 pickup Feb 11, 2021 08:58 PM IST

    OPEC again cuts 2021 oil demand view, sees H2 pickup

    The prospect of weaker demand has already prompted OPEC and its allies, known as OPEC+, to slow their plan to boost output.

  • Crude oil futures slip 0.79% to Rs 4,251 per barrel on profit booking Feb 11, 2021 05:44 PM IST

    Crude oil futures slip 0.79% to Rs 4,251 per barrel on profit booking

    In the futures market, crude oil for February delivery touched an intraday high of Rs 4,262 and an intraday low of Rs 4,241 per barrel on MCX.

  • Oil in longest rally in two years as vaccines boost demand hopes Feb 10, 2021 10:50 PM IST

    Oil in longest rally in two years as vaccines boost demand hopes

    Brent has now risen for nine sessions in a row, its longest sustained period of gains since December 2018 to January 2019.

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