Crude futures up at Rs 5,116 per barrel
(The Hindu Business Line
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17/05/2012)
Crude oil prices recovered by Rs 22 to Rs 5,116 per barrel at the futures trade today as speculators created fresh positions, tracking a firming trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June rose Rs 22 or 0.43 per
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Oil stocks gain on fuel price hike reports
(Reuters
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17/05/2012)
Shares in oil companies gain on media reports that petrol and diesel prices will rise soon after Parliament's budget session ends on May 22. A hike in fuel prices has been widely expected by markets though the government has not yet announced one.
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Oil Rises From Six-Month Low as Price Declines Seen Exaggerated
(Bloomberg
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17/05/2012)
Oil rose from the lowest settlement in six months in New York after economic data in Japan and Singapore beat estimates and technical indicators signaled declines in crude prices may be exaggerated. Futures advanced as much as 0.6 percent, climbing for
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Oil falls sharply on Euro zone worries
(The Hindu Business Line
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16/05/2012)
Oil prices fell sharply in Asian trade today as investors fretted over political uncertainty in the Euro zone, while concerns over softer US energy demand also weighed, analysts said. New York’s main contract, West Texas Intermediate crude for delivery
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Oil drops to lowest level in six months
(The Economic Times
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16/05/2012)
The price of oil dropped to a six-month low on Tuesday on renewed concern that Greece would be forced to leave the European common currency and trigger shockwaves across Europe. Benchmark West Texas Intermediate crude gave up 80 cents to end the day at
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Oil Drops to Five-Month Low on Rising Stockpiles, Greek Crisis
(Bloomberg
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16/05/2012)
Oil dropped to the lowest price in almost five months in New York after U.S. crude stockpiles increased and Greek talks to form a coalition government collapsed, raising concern the region’s debt crisis will worsen. West Texas Intermediate futures slid
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Crude oil tumbles to 5-month low on Greece fears
(ForexPros
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15/05/2012)
Crude oil futures fell to the lowest level since mid-December during European morning trade on Monday, as investors continued to cut their exposure to growth-linked assets amid fears that ongoing political turmoil in Greece could result in the county’s
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OIL FUTURES: Crude Hits New 2012 Low; Near $94 On Euro Worries
(NASDAQ
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15/05/2012)
Crude oil futures prices were 2% lower near $94 a barrel, after settling a fresh 2012 intraday low on worries that Greece may leave the European common currency agreement. Traders avoided the euro as the Greek worries escalated, pushing the dollar to its
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Oil falls $1 on demand worries, Greece
(Reuters
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15/05/2012)
Crude oil futures fell over $1 on Monday, pressured by worries about the demand outlook in China and uncertainty about Greece's place in the euro zone. By 0734 GMT, U.S. light crude was down $1.37 at $94.76. Brent crude was down $1.15 at $111.11.
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Oil Falls Below $95; Gold Gives Up Gains: Commodities at Close
(Bloomberg
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15/05/2012)
The Standard & Poor’s GSCI gauge of 24 commodities declined 1.5 percent to 633.09 at 4:46 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials dropped 1.3 percent to 1,490.1149. CRUDE OIL Oil fell below $95 a barrel in New York for the
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NYMEX-US crude drops below $96 on China, Greece
(Reuters
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15/05/2012)
U.S. crude prices dropped below $96 a barrel on Monday, pressured by China's slowing economy, the increasing likelihood of a Greek exit from the euro zone, and Saudi's call for higher oil stock levels. FUNDAMENTALS * NYMEX crude for June slipped 63 cents
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Crude oil down pressurised by global concerns
(Business Standard
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15/05/2012)
Crude oil futures prices today fell 0.65% to Rs 5,078 per barrel, as speculators trimmed positions amid a weakening trend overseas. At the MCX, crude oil for delivery in the May contract declined by Rs 33, or 0.65%, to Rs 5,078 per barrel in a turnover
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Oil hits 5-month low of $94 per barrel
(The Hindu Business Line
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15/05/2012)
Oil prices fell to near $94 a barrel today in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concerns over Europe’s debt crisis. Benchmark oil for June delivery was down 44 cents at $94.34 a barrel, the lowest since
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Oil starts week by hitting lowest level in 2012
(The Economic Times
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15/05/2012)
The price of oil fell to its low for the year on Monday on continued doubts about some European countries ability to pay off massive government debts. Benchmark West Texas Intermediate crude lost $1.35 to end the day at $94.78 per barrel on the New York
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Oil Falls to Five-Month Low on European Economy, U.S. Stockpiles
(Bloomberg
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15/05/2012)
Oil fell from the lowest settlement in almost five months in New York before reports that may show U.S. crude stockpiles rose to the highest level in 21 years and Europe’s economy shrank. Futures slid as much as 0.9 percent, declining for the ninth time
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Crude oil down on weak global cues
(Business Standard
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14/05/2012)
Crude oil futures prices today fell 0.21% to Rs 5,135 per barrel, as speculators trimmed positions amid a weakening trend overseas. At the Multi Commodity Exchange, crude oil for delivery in the May contract declined by is 11, or 0.21%, to Rs 5,135 per
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Oil funds cut $8 billion in bullish bets on slowing demand
(The Economic Times
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14/05/2012)
Hedge funds and big speculators made the biggest-ever cuts in their bullish bets on oil, according to weekly regulatory data on Friday that will put a new perspective on the market's sudden price rout late last week. Money managers slashed their net long
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CNPC to issue CNY 20 billion in MTN
(China Knowledge
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13/05/2012)
China Knowledge reported that China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd plans to issue CNY 20 billion worth of unsecured medium term notes with a maturity of five years on May 16. The company said in a statement that
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Essar Oil posts third straight quarterly loss
(Business Standard
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13/05/2012)
Essar Oil, India’s second-biggest private refiner, today reported its third straight quarterly loss due to a decline in gross refining margin and reduced throughput because of a 35-day planned shutdown. The Ruias-promoted company posted a loss of Rs 515
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Crude Oil Settles Lower On Demand Concerns; Sheds 2.4% For Week
(RTT News
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12/05/2012)
U.S. crude oil futures ended at a near five-month low Friday, on a strengthening dollar and some lingering demand growth concerns with some weak economic data out of China. The world's second biggest energy consuming nation, China, returned data showing
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Oil inches lower toward $96 as US supplies grow
(The Economic Times
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10/05/2012)
Oil prices inched lower toward $96 a barrel Thursday in Asia after US crude supplies rose to a 22-year high, suggesting demand remains weak. Benchmark oil for June delivery was up 16 cents to $96.65 a barrel at midday Singapore time in electronic trading
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Crude Oil Falls for a Seventh Day in Longest Decline Since 2009
(Bloomberg
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10/05/2012)
Oil dropped for a seventh day, the longest losing streak in more than two years, as U.S. crude stockpiles climbed to the highest level since 1990 and Europe’s debt crisis worsened. Futures slipped as much as 0.5 percent in New York. Crude inventories
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Oil lower in Asian trade on euro zone worries
(Business Standard
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09/05/2012)
Oil prices edged lower in Asian trade today, weighed down by concerns over the euro zone's political and economic problems but bargain-hunting limited the losses, analysts said. Crude futures also faced downside pressure following indications by the
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Oil Trades Near Three-Month Low as Report Shows Rising Supplies
(Bloomberg
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09/05/2012)
Oil traded near the lowest level in three months in New York after a report showed stockpiles climbed the most since March in the U.S., the world’s biggest crude consumer. Futures were little changed after dropping for a fifth day yesterday. U.S.
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Crude oil down on weak global cues
(Business Standard
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08/05/2012)
Crude oil prices were down today 0.36% to Rs 5,172 per barrel in futures trade as speculators engaged in trimming their positions, taking weak cues from overseas markets. At the Multi Commodity Exchange, the May contract eased by Rs 18, or 0.36%, to Rs
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