Crude Oil futures dipped on weak global cues
Crude oil futures dipped on weak global cues amid fears that an outbreak of swine flu globally would hurt oil demand. For full story, click here
Articles Tagged "global"
Crude Oil Futures eases on repressed demand
Crude Oil Futures dipped by 0.40 per cent in futures trade on Friday owing to a slackness in demand amid low global advices. For full story, click here
Crude Oil futures dipped after IEA chops demand forecast
Crude oil futures spent Monday under pressure after the International Energy Agency announced that global oil demand will dip by 2.4 million barrels a day this year. The forecast was far weaker than the agency’s prior view. For full story, click here
IEA reported cut in oil demand forecast to lowest in five years
The International Energy Agency announced that it expects global oil demand to decline by 2.4 million barrels a day this year, about the same amount that Iraq produces, as the economic crisis reduces consumption to the lowest since 2004. For full story, click here
Oil Price Peaks And Slides
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Crude futures surge on firm global cues
Crude oil prices increased by over two per cent in futures trade as traders indulged in enlarging their positions influenced by a firming global trend. For full story, click here
Global meltdown not to derail ONGC’s investment plans
Global economic crisis and dip in crude oil prices will not deter state-run Oil and Natural Gas Corp from committing to investment of billions of dollars in improving output and diversifying into refining and petrochem business. ONGC Chairman and Managing Director R.S. Sharma said: Despite global slowdown, we shall not slowdown our investments. For full [...]
Demand Set To Recover Soon?
The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.
Oil fell below $34
Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC’s record supply cuts. For full story, click here
Global economic woes negate effect of lower crude oil
crude oil prices and stock markets have negative correlation. A fall in crude oil usually lifts the stock market and vice-versa, though the sector may see an upside. For full story, click here
