As a Russian supply shortage looms, oil prices soar to multi-year highs

Oil prices soared on Friday, reaching multi-year highs as Russia's invasion of Ukraine progressed and oil importers avoided supplies from the world's second-largest crude supplier. Crude prices have seen their biggest weekly rise since the middle of 2020, with the Brent benchmark up 21% a...

OIL PRICES GO DOWN ON FIFTH CONSECUTIVE DAY ON THURSDAY

Highlights

• Brent crude slumped 37 cents or 0.5 percent, and was at $67.63 per barrel after going down 0.6 percent on Wednesday

• US crude inventories have consistently gone up for four straight weeks after refineries in the south were forced to close because of the...

GOVERNMENT INCREASES EXCISE DUTY, FUEL PRICES LIKELY TO HIKE

Highlights:

• The government of India has decided to escalate the excise duty.
• This move will have a great impact on fuel prices.
• The price of Diesel and Petrol is likely to hike.

With the fall in crude oil prices, the gover...

FALL IN CRUDE OIL PRICES RESULTED IN RIL SHARES SLUMP TO 52-WEEK LOW

Highlights:

• RIL share fell to 9% which is marked as the 52-week low.
• The crude oil prices slumped after a price war between Russia and Saudi Arabia.
• Oil prices are down by around 50 percent from its high in January.

On Thu...

U.S. MARKET LOSSES EXTENDS ON FEAR OF CORONAVIRUS

Highlights:

• The U.S. equity market closed low for the seventh consecutive session.
• Many famous companies have raised flags about the coronavirus and it has impacted their earnings.
• The business in the Chicago region has improved however, it...

U.S. MARKET FELL AS CORONAVIRUS FEARS LOOM

Highlights:

• The U.S. equity market is worst since 2008.
• The unemployment percentage went up and settled at 3.6% in January.
• Crude oil prices marked as lowest in more than a year.

The U.S. equity market opened the trading d...

RUPEE SLUMPED TO 1-MONTH LOW

Highlights:

• The rupee fell by 10 paise to a 1-month low and settled at 71.64 against the U.S. dollar.
• The 10-year government bond yield was at 6.42 percent.
• Brent crude oil futures fell by 0.20 percent and is trading at $59.00 per barrel.

RUPEE SURGE BY 7 PAISE

Highlights:

• The rupee settled at 71.18 against the greenback.
• Brent crude oil futures have gone up by 0.22 percent and settled at USD 55.40 per barrel.
• The dollar index against the basket of six currencies has surged by 0.03 percent and set...

RUPEE GAINED AND SETTLED AT 71.19 AGAINST THE DOLLAR

Highlights:

• The rupee gained 19 paise in the early trade and settled at 71.19 against the greenback.
• Brent crude oil future has gained 0.40 percent and settled at $54.57 per barrel.
• The 10-year government bond yields were at 6.50 in the ear...

STOCKS ON A RISE AFTER CHINA SELL-OFF PULL UP

Highlights:

• China's stocks are stable after losing $720 billion on the day market reopens.
• Brent Crude oil future is above $50 in New York.
• Yuan is stronger by 7 per dollar.

The US and European markets advance on Tuesd...

Stocks are rising on Wall Street as the rally continues to the fourth day in the wake of optimistic China signs

KEEPING SCORE: As of noon Eastern time, the S&P 500 is up 0.9 percent. The Dow Jones Industrial Average has risen to 28,317 by 182 points or 0.6%, and the Nasdaq composite has risen by 1%.

CHINA STRENGTH: Industrial production in China rose 6.2 percent from the previous year, up fro...

Indian Rupee settles at 71.07 against US Dollar

Owning to the trade talks between U.S. and China, the global stock market has experienced a stir, the rupee closed flat at 71.07 against the U.S. dollar. 
On the other hand, the rupee opened at 70.96 at the interbank foreign exchange market against the U.S. dollar. The domestic unit w...