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Tags : "Brent crude"

Rupee drops 21 paise to 73.60 against USD; geopolitical tensions

The rupee stalled its three-session winning run on Monday, sliding 21 paise to 73.60 against the US dollar after fresh tensions along the India-China border dented forex market sentiment. At the interbank forex market, the domestic unit opened on a strong note at 73.26 but lost momentum as the trade progressed and finally ended at […]Read More

The big oil turnaround: From negative prices to a bull

By Javier Blas Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude. Two months ago, every trader wanted to […]Read More

Oil surges 5% on US-China trade optimism, falling crude output

NEW YORK: Oil prices soared on Friday, with US futures closing out May with record monthly gains, on hopes that the US-China trade deal would remain intact and on falling crude production. West Texas Intermediate crude futures for July delivery settled at $35.49 a barrel, jumping $1.78, or 5.3%. July Brent crude closed at $35.33 […]Read More

Crude oil prices rise as broader markets gain on hopes

TOKYO: Oil prices rose on Friday after world leaders promised a large injection of funds to restrict the financial fallout from the coronavirus pandemic, regardless of fears the outbreak will destroy demand for oil. After tumbling for the previous 4 weeks, Brent crude was up 50 cents, or practically 2 per cent, at $26.84 a […]Read More