A stronger dollar and confusing messages from Saudi Arabia and Russia ahead of the next OPEC+ policy meeting contributed to the decline in oil prices in early trade on Friday. In the morning session, Brent crude prices were down 30 cents to $75.96 per barrel, while U.S. West Texas Intermediate prices were down 14 cents…
Early Thursday morning Asian trade saw a decline in oil prices as concerns over whether the US will escape a financial default outweighed the potential for more production cutbacks from OPEC+.In the Morning session, Brent crude futures had dropped 5 cents, or 0.1%, to $78.31 per barrel. West Texas Intermediate (WTI) crude for the United…
Oil prices increased on Wednesday as U.S. oil and fuel supplies tightened and as the possibility of additional OPEC+ output restrictions was raised by a warning to speculators from the Saudi energy minister. Brent crude futures were up 86 cents, or 1.1%, to $77.70 per barrel, while WTI was up 88 cents, or 1.2%, to…
In the midst of flat performance in domestic stocks on Tuesday, the rupee fluctuated within a small range before ending the day 2 paise higher at 82.82 (provisional). According to currency traders, the local currency’s significant advances were restrained by the strength of the U.S. dollar. A high of 82.76 and a low of 82.84…
Early Friday morning Asian trading saw a minor decline in oil prices as hopes that a U.S. debt default will be avoided were weighed against persistent inflation statistics that might signal future interest rate increases from central banks around the world. Brent futures were down 2 cents at $75.84 per barrel on today morning. West…
Oil prices fell on Monday as worries about fuel consumption in the top two oil consumers in the world, the United States and China, outweighed hopes for tighter supplies as a result of any OPEC+ supply cuts and a restart of U.S. purchases for reserves. Brent crude futures were down 43 cents, or 0.6%, to…
The rupee declined for the second consecutive day, losing 7 paise to 82.16 against the US dollar on Friday as investor confidence was dampened by a strong foreign dollar. However, dealers indicated that a rising trend in domestic equities and unabated foreign capital inflows helped to soften the decline. The rupee’s intraday high against the…
The U.S. debt ceiling uncertainty and resurrected concerns for a regional banking crisis in the United States limited advances in the early Asian trading on Friday as traders covered short positions in anticipation of the weekend. In the morning session, Brent crude futures were up 36 cents, or 0.5%, to $75.34 per barrel. To reach…
A better gasoline demand report from the United States, the world’s biggest oil user, helped oil prices recover on Thursday after falling by more than a dollar a barrel the previous day. In the morning session, the price of Brent crude futures increased by 56 cents, or 0.7%, to $76.97 per barrel, while the price…
On Monday, the rupee lost some of its early gains and fell 2 paise to close at 81.80 (provisional) against the U.S. dollar, following a rise in crude oil prices. The gains from a weak American dollar and strong domestic equities were offset by a rise in crude oil prices, according to forex traders, who…
