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mcx crude oil News
mcx crude oil
Oil flat, near highest since March, after Trump assurance on China trade
Wed, Jun 24, 2020
Oil prices were little changed on Tuesday, hovering near their highest levels since early March after U.S. President Donald Trump soothed jangled nerves over U.S.-China trade.
Oil price hits three-month high over hopes for output cuts
Wed, Jun 03, 2020
Oil prices rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.
Oil prices inch up ahead of OPEC plus meeting on extended output cuts
Tue, Jun 02, 2020
Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
Oil prices, gasoline demand climb as countries ease coronavirus curbs
Fri, May 22, 2020
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions.
Oil prices climb as US stocks drawdown eases supply glut fears
Thu, May 21, 2020
Oil prices edged higher on Thursday after data showed US crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.
Oil prices ease on dim economic outlook despite signs of strong demand
Wed, May 20, 2020
Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by major oil producers.
Oil prices lifted for fourth day on hopes of output cuts and demand pick-up
Tue, May 19, 2020
Brent crude climbed $0.85, or 2.4%, to $35.66 a barrel by 0033 GMT, after touching its highest since April 9.
Crude oil prices climb as Saudi Arabia pledges further production cut
Tue, May 12, 2020
Oil price futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market.
Oil prices rise 5 pct in second weekly gain on output cuts, demand hopes
Sat, May 09, 2020
Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low.
Oil prices rise on hopes that easing of coronavirus curbs will trigger demand boost
Fri, May 08, 2020
Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up.
Oil prices rise as US inventories grow less than feared while Coronavirus slashes demand
Thu, May 07, 2020
Oil prices rose on Thursday after US inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand.
Oil prices fall as rising US inventories reassert supply concerns
Wed, May 06, 2020
Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after US crude inventories rose more than expected amid a slump in demand caused by restrictions to halt the coronavirus spread.
OIl price extends gain on lower-than-expected US crude inventories, output cuts
Fri, May 01, 2020
Oil prices jumped on Friday, extending the previous session`s gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic.
Crude Oil Price: MCX margin money raised up to 200 pct on short-selling positions
Thu, Apr 30, 2020
Crude Oil Price MCX: In view of the increased volatility in Crude Oil contracts, the Multi Commodity Exchange has raised the MCX crude margin money on light sweet crude oil future contract to 100 per cent for those who want take a buy position.
Crude Oil prices climb as storage fills less rapidly than feared
Wed, Apr 29, 2020
Oil prices climbed on Wednesday, trimming some of this week`s steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up.
Oil price tumbles as world's storage tanks fill up amid demand shock
Tue, Apr 28, 2020
Oil prices slumped on Tuesday, extending the previous session`s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased.
Anil Singhvi backs MCX on crude oil settlement decision, says it is in sync with rule book
Wed, Apr 22, 2020
Zee Business Managing Editor Anil Singhvi has backed Multi Commodity Exchange (MCX) decision on the crude oil settlement price saying that it is customary and in sync with the rule book.
Oil prices recover ground after market turmoil fuels price plunge
Wed, Apr 22, 2020
Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.
Negative $40 oil reflects panic and US crude oil market economic reality
Tue, Apr 21, 2020
Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever.
Oil price today: Crude crashes to 18-year low of around $17 per barrel; know why
Wed, Apr 15, 2020
Oil Price Today: Crude oil price today hit 18-year low as the oil price in international market crashed around $17 per barrel.