Oil prices jumped around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in one and a half months, supported by the prospect of an European Union ban on Russian oil and the upcoming summer driving season in the United States. Brent crude futures for July down 9 cents…
Oil prices are up in early trade on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai ready to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures raised 82 cents to $113.37 a barrel, while U.S. West Texas…
Oil bounce back on Wednesday after jumping nearly 10% over the previous two sessions, encouraged by supply concerns as the European Union works on gaining support for a stop on Russian oil and as major manufacturers warned they may suffer to fill the gap when demand increases. Oil prices have slipped with commodities and share…
The rupee decreased 30 paise to 77.55 against the U.S. dollar in opening trade on Thursday as a dark trend in the domestic equity markets and a solid American currency weighed on investor sentiment. Apart from, persistent foreign fund outflows and raised crude oil prices impacted the domestic unit, Forex traders said. The dollar index,…
India’s imports from Russia witnessed a more than three times jump to $4.67 billion compared to last year since the Ukraine conflict began on February. The rush in shipments from Russia is thanks to New Delhi’s efforts to hit good deals with Russian suppliers to tide over a expanding shortfall of crude oil and other…
Crude oil down by more than one per cent on Tuesday as concerns about demand due to China’s extended Covid lockdowns outweighed support from a possible European oil bans on Russia over its actions in Ukraine. Beijing, reporting dozens of new cases daily, is mass testing citizens to prevent a lockdown similar to Shanghai’s over…
Oil prices are down in on Thursday morning as concerns about increasing coronavirus cases in China, the world’s largest oil importer, weighed on futures markets and fears of more lockdowns in China drove fuel demand concerns. Brent crude futures down 37 cents, or 0.4%, to $104.95 a barrel. U.S. West Texas Intermediate crude futures down…
The Indian rupee USD/INR opened slightly higher at 76.26 and moved towards 76.36 against the US dollar on Thursday morning, after that the rupee fallen towards 76.06. As the session started, the domestic currency down amid U.S. dollar strengthening in the international market on coming aggressive interest rate hike by the U.S. Fed in the upcoming months…
Crude oil prices down by 5% in volatile trading on Tuesday as investors weighed demand concerns against tight international supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a Covid-19 shutdown. Growing fears of a U.S. recession as the Federal Reserve tries to beat inflation with some of the…
The prices of petrol-diesel have not increased today. In the last five days, there is no change in the price of petrol in major cities. Petrol prices in Delhi are at an all-time high of Rs 105.41 per litre, while in Mumbai it costs Rs 120.51 per litre. In other parts of the country, petrol price…
