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oil price
Crude Oil spirals below zero in devastating day for global industry
The move was so violent and shocking that many traders struggled to explain it. They grasped wildly at possible causes all day long — had some big firm got caught wrong-footed? Or were inexperienced retail investors flummoxed by a market quirk? — but had no tangible evidence of anything to point to.
Crude Oil prices hit an 18-year low on March 30
Crude Oil prices hit an 18-year low on March 30 due to a slump in demand caused by lockdowns to contain the coronavirus outbreak and the failure of OPEC and other producers led by Russia to extend a deal on output curbs that expired on March 31.
U.S. Crude down by 0.3% at $52.1/bbl in early Trading in Asia
U.S. Crude down by 0.3% at $52.1/bbl in early trading in Asia after gains in previous session following tanker attacks
Energy Market Report: MCX Crude Recovers In Asia
Crude oil recovered in Asia today after witnessing sustained losses yesterday The WTI Crude futures tested a low near $55.40 per barrel and edged up. The counter currently trades at $56.40 per barrel, up 0.30% on the day even as the global growth worries stayed in place. MCX Crude oil futures ended at Rs 3940 per barrel, down 1.70% on the day.
Crude Oil Up as Saudi Russia Pact and Canada Cuts Ease Supply Fears – Gold Silver Reports (GSR)
Futures in New York rose as much as 1.5 percent, extending Monday’s 4 percent gain. An agreement between Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin over the weekend raised the possibility of an output accord when OPEC and its partners meet in Vienna on Dec. 6. Prices also received a boost after Canada’s Alberta province announced plans to cut production by 325,000 barrels a day.
Crude Oil Prices Slip After Trump Calls on OPEC Not to Cut Supply
US West Texas Intermediate (WTI) crude oil futures were at $59.00 per barrel at 0014 GMT, down 93 cents, or 1.6 per cent from their last settlement.
Crude Oil Marketers Gains As Crude Resumes Decline
The stocks were the best performers on the Nifty 50 Index.
Shares of the Crude oil marketing companies rose in today’s trade after the crude oil resumed declines after a one-day rally.
The Brent crude oil slip 0.86 percent to trade at 69.52 a barrel.
Narendra Modi Urges Oil Suppliers to Review Payment Terms to Give Rupee Relief – Gold Silver Reports
Indian Prime Minister Narendra Modi urged global oil suppliers on Monday to review payment terms in order to give relief to the country which is struggling with a weakening currency.
Customs Duty Hiked On Mobile Phone Parts And Other Communication Items
The Indian government has raised the basic customs duty on a number of items used in electronic and mobile communications in a move aimed at narrowing down the current account deficit.