niftify.in

The Economic Times

Indian refiners using Russian insurance for oil above $60/bbl, govt source says

Indian refiners are using Russian insurance for oil cargoes priced above $60 per barrel, bypassing the G7 price cap. Russian firms insured 60% of these shipments to India in July, up from 40% in December. India is now the top buyer of Russian oil, overtaking China.

Mint

Oil trades 1% lower after mixed storage data ahead of US Fed verdict; Brent crude at $73, faces resistance $75/bbl

Oil trades 1% lower after mixed storage data ahead of US Fed verdict; Brent crude at $73, faces resistance $75/bbl

Mint

Oil rises 2% from three-year low after traders bet on demand growth ahead of US Fed rate cut; Brent at $73/bbl

Oil rises 2% from three-year low after traders bet on demand growth ahead of US Fed rate cut; Brent at $73/bbl

Mint

Oil gains nearly 2% on hurricane impact, US Fed rate cut expectations; brent crude at $73.01/bbl

By 1315 GMT, Brent crude futures for November rose by $1.40, or 1.96%, reaching $73.01 a barrel. Meanwhile, U.S. crude futures for October climbed by $1.60, or 2.33%, to $70.25 per barrel.

Mint

Prabhudas Lilladher sees oil price rebound to $75-80/bbl, upgrades ONGC and OIL ratings to 'buy'

Prabhudas Lilladher upgraded ONGC and OIL amid a projected recovery in oil prices to $75-80 per barrel. They expect improved gas realization and production growth, with ONGC's oil production CAGR at 3.4 per cent and OINL's at 8 per cent through FY26.

Mint

Oil logs first weekly gain in a month, snapping bearish sell-off from 33-month low; Brent up 2% to $72/bbl

Brent crude futures settled at $71.61 a barrel, down 36 cents or 0.5 per cent. US West Texas Intermediate crude (WTI) settled at $68.65 a barrel, down 32 cents, or 0.5 per cent

Mint

Oil recovers 1% from 14-month low on US crude draw, delay on OPEC+ supply hike; Brent at $73/bbl

Oil recovers 1% from 14-month low on US crude draw, delay on OPEC+ supply hike; Brent at $73/bbl

Mint

Oil sits $1 lower on OPEC's October supply plans; Brent drops 2.5% in August to $79/bbl, WTI down 3.6%

Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43 per cent, at $78.80 a barrel, marking a decline of 0.3 per cent for the week and 2.4 per cent for the month.

Mint

Oil snaps three-day winning streak, drops 2% on US, China growth concerns; Brent sticks to $80/bbl, MCX falls 3%

Crude oil prices were also supported by growing expectations that the US Federal Reserve will cut interest rates next month. Lower rates can boost economic growth and oil demand.

Mint

Latest Market News Today highlights August 27, 2024: Oil snaps three-day winning streak, drops 2% on US, China growth concerns; Brent sticks to $80/bbl, MCX falls 3%

Latest Market News Today highlights: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Mint

Oil sits over 3% higher on positive US economic data, Fed rate cut hopes; WTI up 4%, Brent nears $80/bbl

Brent gained more than 3.5 per cent in the week, while WTI rose more than four per cent over rate cut hopes and Middle East geopolitical tensions.

Mint

Oil hits two-month peak on lower US crude inventories; Brent above $87/bbl, WTI over 11-week high

Brent crude futures were last up or 0.2 per cent, at $87.47 per barrel, while the US WTI crude futures were up three cents at $83.91 in trade, hovering at 11-week high