LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Commodities  :  Crude Prices Move Higher On Weak Dollar

Crude Prices Move Higher On Weak Dollar (20-Apr-2011)

Crude prices turned higher on Tuesday on the back of weakness in dollar, the prices also took support of stronger equities that helped to recover losses spurred by Standard & Poor`s Monday warning on US debt. In the early trade the crude prices declined but reversed course as the dollar lost ground against the euro following a report showing unexpected growth in the euro zone.

Meanwhile, the OPEC Secretary General Abdullah Al-Badri said on Tuesday there was no shortage in the oil market and that countries should revise their tax systems to confront exceptional circumstances.

Benchmark crude for May delivery rose 82 cents, or 0.8%, to $107.94 a barrel, after trading in a range from $105.50 to $107.52 on the New York Mercantile Exchange. With the May contract set to expire at the end of trading Tuesday, the more-actively traded June contract gained 76 cents, or 0.7%, to $108.45 a barrel. In London, Brent crude for May rose by 12 cents, or 0.1%, to $121.73 on the ICE.

Top News Today
MTNL investing Rs 190 crore to upgrade services
(21-May-2018)

MTNL investing Rs 190 crore to upgrade servicesMahanagar Telephone Nigam (MTNL) is investing Rs 190 crore to upgrade its services and may also get 4G spectrum, which will support the company to stay relevant in the highly competitive market.MTNL was......click on news to read complete article.

RIL gets environmental clearance for expansion project in Maharashtra
(21-May-2018)

RIL gets environmental clearance for expansion project in MaharashtraReliance Industries (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338......click on news to read complete article.

L&T's arm bags two orders from HURL
(21-May-2018)

L&TLarsen & Toubro's (L&T's) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) in consortium with TechnipFMC has won two significant orders from Hindustan Urvarak and Rasayan......click on news to read complete article.

International Stock News
Asian markets trade firm as US-China trade tensions ease
(21-May-2018)

Asian markets trade firm as US-China trade tensions easeAsian markets are trading mostly in green in early deals on Monday, after fears of a trade war between the U.S. and China receded following weekend developments. U.S. Treasury Secretary Steve Mnuchin said......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

 

     
  
Recent Commodities News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.