Crude Oil Prices News

Markets

Before Market Opens: 9 essential things to know at 9 am on May 31, 2024

Before Market Opens: Indian markets are set to open on a lower note for the sixth straight session on Friday following disappointing US GDP Data for the March quarter and a fall in global peers. Meanwhile, Gift Nifty also traded 27 points lower. Let’s take a look at some key cues before opening:

3 min read31 May 2024
Markets

Before Market Opens: 9 essential things to know at 9 am on May 30, 2024

Before Market Opens: Indian markets are set to open on a lower note on Thursday following rise in bond yields and fall in global peers ahead of US GDP data due tomorrow. Meanwhile, Gift Nifty was also trading 71 points lower. Let’s take a look at some key cues before the market opens today:

3 min read30 May 2024
Markets

Before Market Opens: 9 essential things to know at 9 am on May 29, 2024

Before Market Opens: Indian markets are set to open on a lower note on Wednesday following rise in bond yields and fall in Asian markets ahead of US GDP data due tomorrow. Meanwhile, Gift Nifty was down 38 points. Let’s take a look at some key cues before the market opens today:

2 min read29 May 2024
Markets

Crude oil prices on track for sharp weekly decline amid Fed’s hawkish stance, surge in US stockpiles

Brent and WTI prices declined due to demand concerns and US interest rates. Fed’s cautious stance on rate cuts affected prices. US stockpiles increased, while Russia exceeded production quota. OPEC+ meeting in June likely to extend output cuts to balance global supply.

3 min read24 May 2024
Markets

Emkay projects Brent oil price range at $83 to $92 per barrel in short term

Analysing the current state of Brent oil prices, the brokerage highlighted that their recent range-bound nature, is occasionally influenced by geopolitical tensions.

2 min read23 May 2024
Markets

Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices

Crude oil prices fell despite the ongoing geopolitical tensions and ahead of the meeting of the Organization of the Petroleum Exporting Countries and its affiliates, together known as OPEC+ on supply. Both benchmarks fell less than 1% on Monday.

2 min read21 May 2024
Markets

Oil prices rise on strong China growth and Middle East conflict, brent crude at $84.24/bbl

Brent futures saw a rise of 37 cents, or 0.4%, reaching $84.24 per barrel, while U.S. West Texas Intermediate crude grew by 41 cents, or 0.5%, to $79.64 as of 0003 GMT.

2 min read13 May 2024
Markets

Oil rises on Saudi Arabia’s decision to hike prices, brent crude at $83.39/bbl

Brent crude futures rose by 43 cents, or 0.5 per cent, to $83.39 per barrel at 1300 GMT, while U.S. West Texas Intermediate crude futures climbed to $78.62 per barrel, up by 51 cents, or 0.7 per cent.

2 min read6 May 2024
Markets

Crude oil prices drop 5% in 2 sessions on sharp rise in US inventories, down 10% from April peaks

Brent crude drops by 3% to hit a seven-week low of $83.29 per barrel in previous sessions due to rising US stockpiles, while WTI crude falls below $79. Both ended their winning streak in April with declines. EIA reports unexpected increase in US crude stockpiles and production in February.

2 min read2 May 2024
Markets

Before Market Opens: 9 essential things to know at 9 am on April 30, 2024

Before Market Opens: Indian markets are set to open higher on Tuesday following gains in global peers as investors awaited for US Fed’s rate decision. Meanwhile, Gift Nifty was trading 24 points higher, indicating a positive start for benchmark Nifty.

3 min read30 Apr 2024
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