MCX Crude oil rise in futures trade

Price of Crude oil went up 1.54pc to Rs4028per bbl in futures trade on Wednesday, on the back of raising exposures by speculators amid strong global cues. On the Multi Commodity exchange (MCX), crude oil for July month delivery scaled up by 1.54pc or Rs61 or to Rs4028per bbl in...

Airlines and OMCs decline as Brent Crude Surge

Shares of Oil Marketing (OMCs) as well as Airline companies declined on Friday as Brent Crude oil traded over its significant level at USD64per-barrel. Oil marketing companies stocks such as IndianOil (IOC) falls 1.72%, Hindustan Petroleum (HPCL) falls 0.12% and BharatPetroleum (BPCL) drops 0.45% during mid-morning session. Among Airline share,...

Crude Oil Prices rise, Gold Prices dim On US-Mexico Deal

Crude Oil prices in the international market reached higher while gold prices went down from its 14-month high, after the US&Mexico made a pact that reduced risks of a trade tariff war. Brent crude futures were up by 0.7% to USD63.71/pbl against Friday’s close, when the commodity rallied near 3%...

Crude Oil prices climb further from the 5-month lows

Crude Oil prices rose over 1% on Friday, rising further away from 5-month lows hit earlier in the week amid signals that OPEC & other producers may extend their supply cuts. BrentCrude futures which gained 1.7% yesterday were up today by 1.4%, at USD62.51 per barrel. US WTI crude futures,...

Oil Company Shares Gain As Global Crude Oil Falls

On Friday morning, shares of Oil Marketing companies were trading in the upper level after Brent Crude oil along with WTI, declined below its key level of USD66 per bbl and USD56 per bbl, respectively. The fall in Crude oil prices were followed after the Energy Information Admn reported a...

Crude Oil prices gain after decline in US crude inventories

Crude Oil prices advanced on Thursday after a reported declines in US crude inventories that went beyond analyst expectations. US WTI crude futures were up 0.4pc, at USD59.07/bl in early morning, while Brent crude futures were up 0.2pc at USD69.59 per barrel. They declined about 1pc in the previous session...