USDINR opened with a gap up at Rs.82.20 in the previous session after closing at Rs.81.90 on Thursday, and the market saw primarily dollar purchasing by corporates and banks as rupee pressure persisted on Friday. With other Asian currencies plunging – CNH from 7.02 to 7.12 and KRW from almost 1400 to 1412 – with…
The U.S. energy authority predicted slightly stronger demand and tighter supply for oil moving into 2023, which led to an increase in price on Thursday. The global benchmark, London-traded Brent oil futures, increased 1.1% to $88.47 per barrel, while U.S. West Texas Intermediate crude oil futures increased by 0.8% to $82.59 per barrel. Through the…
Oil was fallen down Wednesday morning in Asia, falling for a third consecutive day as concerns about the increasing numbers of COVID-19 cases globally dampen the fuel demand outlook. Brent oil futures inched down 0.03% to $72.39 and WTI futures edged down 0.20% to $70.42. Both Brent and WTI futures fell on Tuesday to their lowest levels since…
Oil in Asia was lower on Friday morning but recorded solid gains at the end of the week and month. Fuel demand is growing faster than supply, while vaccination rates have mitigated the impact of the renaissance on Govt-19 cases worldwide. Brent oil futures were down 0.79% at $ 74.51 after rising 1.75% on Thursday….
Oil rose in Asia on Wednesday morning, leaving the U.S. An imbalance in crude supply increased, which strengthened expectations that fuel demand would outweigh supply growth. However, the increasing number of COVID-19 cases worldwide has made black liquid profitable. Brent oil futures rose 0.65% to $ 74 after scattering 2 cents during the previous session…
Oil in Asia fell on Friday morning, but caught up largely three days earlier, hoping rising demand would tighten global markets. Brent oil futures were down 0.37% at 5 73.52. WTI futures fell 0.38%. 71.64 and was down 0.3% in early Asian trade after accumulating more than 8% in the previous three sessions. Brent and…
Brent crude is down $ 1.08 or 1.5% Oil prices fell more than $ 1 a barrel on Monday after OPEC + group of producers agreed to overcome internal divisions and boost production, sparking some concerns about crude surpluses as covid-19 infections continue to rise in many countries. After falling nearly 3% last week, Brent…
Data showing that China’s crude imports have declined in the first half of 2021 has raised fuel demand. However, the black liquid is still close to a week high as supply concerns persist with the economic recovery from COVID-19. Brent oil futures rose 0.34% to $ 76.23 during the previous session. WTI futures were down…
Oil prices rose on Tuesday, offsetting some of the losses of the previous day as the U.S. Tight supply and expectations for a more balanced supply of crude goods provided support, however, fears about the spreading COVID-19 variant paid off. Brent crude for September was up 19 cents, or 0.3%, at 0.521 to $ 75.35…
Oil in Asia fell on Friday morning, according to data released on Thursday. Demand increased as fuel inventories fell and economic recovery led to consumption. Brent oil futures fell 0.32%. At $73.88, crude oil WTI futures fell 0.18%. $72.81. The U.S. The Energy Information Administration (EIA) crude oil supply data showed a balance of 6.866…
