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Crude prices News

04 Dec 2018

CAD may widen to 3% in September quarter on higher crude prices, gold imports

The CAD is the difference between the inflow and outflow of foreign currency.

13 Nov 2017

Retail inflation hits 7-month high of 3.58% in October

Retail inflation has been steadily rising since June, when it eased to 1.46 percent - its slowest pace since India started releasing such figures in January 2012, based on combined data for rural and urban consumers.

15 Jun 2017

Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

09 Mar 2017

Icra sees CAD rising to 1.2% next fiscal on rising crude, gold

Ratings agency Icra on Thursday said higher oil and gold imports will end the four-year trend of moderation in the current account deficit (CAD) in 2017-18, and the gap will widen to USD 30 billion or 1.2 percent of the GDP.

29 Nov 2016

Mandi Live : Crude prices fall below $48/barrel in International market

11 Apr 2016

Oil dips after Goldman Sachs pours cold water on output freeze prospects

Crude prices dipped on Monday as influential bank Goldman Sachs poured cold water on the prospects of a planned oil producer meeting successfully reining in global oversupply

01 Mar 2016

Oil drops on China manufacturing slump, but tighter supply supports

Crude prices dipped on Tuesday as another slump in China`s manufacturing sector outweighed overnight reports of falling U.S. and OPEC production and strong oil demand.

21 Jan 2016

Sensex trims early gains, hovers around 24,000

The 30-share Sensex last quoted 65.62 points or 0.27 percent higher at 24,127.66 after moving in range of 24,351.83- 24,123.19.

International Monetary Fund

19 Jan 2016

Oil price collapse is a drag on global economy: IMF

The International Monetary Fund said Tuesday that the sharp collapse in the price of oil is proving more of a drag on the global economy than a stimulus.

07 Jan 2016

Tata Motors shares drop 6% on bourses amid China jitters

Tata Motors shares Thursday tanked over 6 percent amid growing concerns over the Chinese economy.

23 Dec 2015

Saudi Arabia to diversify economy away from oil

Saudi King Salman on Wednesday said he has ordered economic reforms to diversify sources of income and reduce high dependence on oil following a sharp drop in crude prices.

India's stock markets

20 Dec 2015

India's stock market outlook: Volatility to rule in holiday-shortened week

The domestic equity market may see volatile trading sessions in a holiday-shortened week ahead, with movement of crude oil prices expected to be an important factor driving stocks in near term.

India's current account deficit

17 Nov 2015

India's current account deficit to be 1% of GDP in FY'16: Citi

India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.

Foreign investors

09 Aug 2015

FPIs infuse Rs 2,200-crore in just 5 trading sessions

Foreign investors have poured in nearly Rs 2,200 crore in the Indian capital markets in the last five trading sessions on better economic growth prospects and continuous fall in crude prices.

04 Aug 2015

Monsoon, Fed impact next trigger for rate cuts: Moody's

The progress of monsoon, crude prices and the impact of US Fed rate action, going forward, will determine RBI's ability for more monetary easing, said global rating agency Moody's.

Overseas Assets

15 May 2015

State-run oil firms keen to snap up overseas assets: Minister

As many overseas oil and gas assets have become low-hanging fruit following the massive crash in crude prices, Oil Minister Dharmendra Pradhan on Friday said the government wants state-run oil companies to buy up assets abroad, particularly in Latin America.

09 May 2015

Brent posts weekly loss after month of gains; US crude up

Brent oil posted its first weekly loss in a month on Friday as the market fretted again about global oversupply while U.S. crude rose for an eighth straight week, helped by jobs growth data and the first storm of the hurricane season forming.

06 May 2015

Stocks crash, rupee weakens on capital outflows

Reflecting the free-fall in the stocks, the benchmark Sensex crashed below the psychological 27,000-level by tanking 722.77 points to 26,717.37.

30 Apr 2015

Oil has best monthly gain in six years but rally may hit ''speed bumps''

Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.

23 Mar 2015

Wall St to dip at the open after weekly gains

U.S. stocks were set to dip at the open on Monday following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities.

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