Crude oil prices fell on Tuesday as concerns about a slowdown in China’s economy hurt demand, although a growing consensus that the U.S. Federal Reserve will start cutting its key interest rates as soon as September limited the declines.
oil prices
Crude Oil Juggles Below $72.00 Ahead of Biden-McCarthy Talks
The WTI (West Texas Intermediate) oil market has been experiencing fluctuations, with prices hovering below the $72.00 mark.
MCX Crude Oil 1st Target Hit High 7715, Profit 40,000 in 2 Lots
Crude Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth “for some time”.
Oil at $100 a Barrel Is ‘Possible’ This Winter, Mercuria Says
It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.
OPEC+ Gives Little Away as It Sees Oil Market Tightening
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give any hints about further moves until there’s clear evidence more crude is needed.
Crude Oil edges higher on weaker dollar, demand optimism
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
Crude Oil Near $60 on Demand Worries Before OPEC+ Meeting
Crude Oil held losses in early Asian trading amid concern over near-term demand and dollar strength ahead of a closely watched OPEC+ meeting this week at which the group will decide on output policy.
Crude Oil set for weekly loss in wild week with Suez ship still stuck
Crude Oil Futures in New York edged higher Friday but are still down more than 4% this week after U.S. coronavirus cases started to rise again and some European countries renewed lockdowns in a setback for the recovery.
Oil prices up at levels last seen in March on vaccine hopes, EU deal
Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
USD/INR – We Expect Indian Rupee to Slip to a Record Low of 80 by Q3
USD/INR : We expect Indian Rupee (INR) to slip to a record low of 80 by Q3. “The rising number of COVID-19 cases in India could lead to another extension in the lockdown beyond 3 May, which will pose downside risks to our GDP growth forecast of 1.6% for FY21.”