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Oil prices drop on demand worries as coronavirus cases rise

Oil prices drop on demand worries as coronavirus cases rise

A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment

18 Jun 2020 8:58 AM IST

Oil falls on rise in US crude stocks, potential second wave. (AFP Photo)

Oil falls amid virus resurgence fears, rise in inventories

OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and...

17 Jun 2020 9:35 AM IST

Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections. (AFP Photo)

Oil prices drop as coronavirus infections rise

Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels...

16 Jun 2020 8:57 AM IST

Asian shares jump, yields rise as Fed readies corp bond buying. (AFP Photo)

Asian shares jump as Federal Reserve starts corporate bond buying...

Global equities fallen sharply from late last week due to worries about US economy and confirmation of new coronavirus...

16 Jun 2020 8:39 AM IST

Rupee depreciated 31 paise to 76.10 against the US dollar in opening trade. (PTI Photo)

Rupee opens at 76-mark, slips 32 paise against US dollar

Forex traders said risk appetite has waned and there is growing concern about a resurgence of COVID-19 infections

12 Jun 2020 11:26 AM IST

: A bystander watches the stock prices displayed on a digital screen at the facade of the Bombay Stock Exchange (BSE) building, in Mumbai. (PTI Photo)

Markets recoup early losses; Sensex jumps 243 pts, Nifty tops 9,950

M&M was the top gainer in the Sensex pack, rallying around 7 per cent

12 Jun 2020 10:53 AM IST

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday. (PTI Photo)

Sensex plunges 709 points on global selloff, Nifty below 10,000

SBI was the top laggard in the Sensex pack, dropping over 5 percent

11 Jun 2020 10:25 AM IST

Petrol and diesel prices on Thursday were hiked by 60 paise per litre each. (PTI Photo)

Petrol, diesel gets costlier by 60 paise/litre each; 5th straight...

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax...

11 Jun 2020 9:57 AM IST

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising. (AFP Photo)

Oil prices drop on concerns about slow demand, record US stocks

At the same time, gasoline stockpiles grew more than expected to 258.7 million barrels

11 Jun 2020 8:44 AM IST

Oil drops after US inventory build oversupply concerns. (AFP Photo)

Oil drops after surprise jump in US crude stockpiles

Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase

10 Jun 2020 8:47 AM IST

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand. (APF Photo)

Oil prices rise as easing of lockdown spurs fuel demand

U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels...

9 Jun 2020 11:34 AM IST

Asia stocks extend rally as economic recovery hopes boost confidence. (AFP Photo)

Asia stocks extend rally on hopes of quick economic recovery

Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the...

9 Jun 2020 9:18 AM IST