CRUDE OIL PRICES
Crude oil futures gain on global cues
Crude oil prices on Friday rose by Rs 51 to Rs 3,982 per barrel.
Oil falls below $61, heads for weekly loss on China virus concerns
Global benchmark Brent was down $1.13 to $60.91 by 1440 GMT.
Crude oil futures ease on weak global cues
West Texas Intermediate crude oil traded 1.87 per cent lower at $55.68 per barrel.
Saudi Arabia says all options open at Opec+ meeting, including further cuts
Opec+ agreed in December to widen their supply cuts by 500,000 barrels per day (bpd) to 1.7 million bpd until the end of March.
Oil skids as spectre of China virus looms over fuel demand, economy
Brent crude futures were down 87 cents, or 1.4 per cent, to $62.34 a barrel by 0733 GMT.
Crude story: Oil demand rises 1.8% during April-December
“Severe winters in northern India and agitations in some states have disrupted normal economic activities,” the oil ministry’s monthly consumption review report said on December consumption. Sharp drop in the sale of diesel-fuelled vehicles, extended rain and preference for petrol vehicles weighed on diesel demand during the financial year, according to the report.
Oil rises, but potential impact of China virus on fuel demand haunts market
US West Texas Intermediate futures were up 27 cents, or 0.5 per cent higher at $55.86 a barrel.
Crude oil futures fall over 1% on global cues
On the MCX, crude oil for February delivery dropped by Rs 48, or 1.15 per cent.
Crude oil futures slip on subdued global cues
West Texas Intermediate crude oil traded 0.58 per cent lower at $58.20 per barrel.
IOC to buy 2 MT Russian crude oil
The annual oil purchase deal with Rosneft, Russia’s state-run oil giant, came after months of negotiations, people said. Two other state-run refiners, Hindustan Petroleum and Bharat Petroleum, too are in talks with Rosneft to close annual crude deals for relatively smaller quantities, they said.
Rupee strengthens 2 paise to 71.19 on easing crude prices
The 10-year Indian government bond yield was at 6.64 per cent.
Crude oil outlook bearish, weak demand a big worry
Global oil demand growth is still languishing and the market will be closely following Opec+.
Oil slides as IEA predicts surplus, Libya disruption concerns fade
Brent crude was down 30 cents, or 0.5 per cent, at $64.29 a barrel at 0731 GMT.
Oil slump deepens as China virus casts cloud over fuel demand, economy
Brent crude futures were down 82, or 1.3 per cent, to $62.39 a barrel by 0400 GMT.
Share market update: OMCs trade in the green; HPCL gains 2%
The S&P BSE Oil & Gas index was trading 1.43 per cent up at 14542.38 .
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