Oil Prices Sink
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Recession Worries, Dollar Gains Sink Oil By 6% To 4-Week Lows
Oil prices tumbled about 6 per cent to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
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Oil Prices Sink Nearly 6% To A Touch Above $100, Down For A Second Straight Session
Crude oil prices extended their decline and sank nearly 6 per cent to a touch above $100 as hopes of peace talks helped calm investors.
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Rupee Sinks To Lifetime-Low Of 77.01, Tracking Soaring Oil Prices
The rupee hit a fresh lifetime low of 77.01 per dollar on Monday after starting the session at a previous record low of 76.96.
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Mukesh Ambani Loses $7 Billion As Oil Sinks Reliance Shares
The slip in earnings backs Mr Ambani's strategy and highlights the increasing need for Reliance to reduce its dependence on the energy sector.
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India's Oil Imports In May Sink To Lowest In Over 8 Years: Report
Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves and declared force majeure on crude imports.
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Oil Sinks Below $30, May Fall Further As Recession Fears Weigh
Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi Arabia and Russia battle for market share. Countries including the United States and Canada, along with nations in Europe and Asia, are taking unprecedented steps to contain the virus, curbing demand for crude ...
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Centre Confident Of High Growth, Meeting Fiscal Deficit Target: 10 Points
Assuring that the effects of GST (Goods and Services Tax) are settling down and that consumption is picking up, Finance Minister Arun Jaitley said on Saturday that the economy will post a high growth or gross domestic product (GDP) this fiscal year. The comments from the finance minister came at a time when the rupee has been sinking to multiple lo...
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Crude Oil Prices Sink Over 1% Amid Global Market Plunge, US Production Spree
Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.
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Oil Prices Tumble After Saudi-Iran Tensions Sink Output Deal
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC (Organization of Petroleum Exporting Countries) producer cartel in tatters and the world awash with unwanted fuel.
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Oil Sinks, Pressured by China, OPEC and Warmer US Weather
US crude oil prices slid as much as 7 per cent on Monday, pressured by weak economic data from China, a US forecast for mild weather and growing doubts that OPEC and non-OPEC producers would come together to reduce the swelling global supply glut.
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Wall Street Tumbles to 2014 Low as Oil Prices Sink
The S&P 500 ended down 1.17 percent at 1,859.33, its lowest close since October 2014. It had fallen as low as 1,812.29.The Dow Jones industrial average ended 1.56 percent lower at 15,766.74 points.
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Wall Street Tumbles To 2014 Low As Oil Prices Sink
Wall Street's recent selloff deepened on Wednesday, with the S&P 500 closing at its lowest in over a year as US oil prices plummeted to 2003 lows.
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Big Selloff on Wall Street as Oil Prices Sink
Wall Street moved deep into the red in volatile trading on Wednesday, extending this year's selloff as oil prices continued to plummet unabated.
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Oil Sinks Again on Glut as US Crude Hits New Lows
Oil futures fell further on Wednesday, with US crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.
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Wall Street Plunges As Oil Tumbles And China Fears Deepen
Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.
-
Recession Worries, Dollar Gains Sink Oil By 6% To 4-Week Lows
Oil prices tumbled about 6 per cent to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
-
Oil Prices Sink Nearly 6% To A Touch Above $100, Down For A Second Straight Session
Crude oil prices extended their decline and sank nearly 6 per cent to a touch above $100 as hopes of peace talks helped calm investors.
-
Rupee Sinks To Lifetime-Low Of 77.01, Tracking Soaring Oil Prices
The rupee hit a fresh lifetime low of 77.01 per dollar on Monday after starting the session at a previous record low of 76.96.
-
Mukesh Ambani Loses $7 Billion As Oil Sinks Reliance Shares
The slip in earnings backs Mr Ambani's strategy and highlights the increasing need for Reliance to reduce its dependence on the energy sector.
-
India's Oil Imports In May Sink To Lowest In Over 8 Years: Report
Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves and declared force majeure on crude imports.
-
Oil Sinks Below $30, May Fall Further As Recession Fears Weigh
Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi Arabia and Russia battle for market share. Countries including the United States and Canada, along with nations in Europe and Asia, are taking unprecedented steps to contain the virus, curbing demand for crude ...
-
Centre Confident Of High Growth, Meeting Fiscal Deficit Target: 10 Points
Assuring that the effects of GST (Goods and Services Tax) are settling down and that consumption is picking up, Finance Minister Arun Jaitley said on Saturday that the economy will post a high growth or gross domestic product (GDP) this fiscal year. The comments from the finance minister came at a time when the rupee has been sinking to multiple lo...
-
Crude Oil Prices Sink Over 1% Amid Global Market Plunge, US Production Spree
Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.
-
Oil Prices Tumble After Saudi-Iran Tensions Sink Output Deal
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC (Organization of Petroleum Exporting Countries) producer cartel in tatters and the world awash with unwanted fuel.
-
Oil Sinks, Pressured by China, OPEC and Warmer US Weather
US crude oil prices slid as much as 7 per cent on Monday, pressured by weak economic data from China, a US forecast for mild weather and growing doubts that OPEC and non-OPEC producers would come together to reduce the swelling global supply glut.
-
Wall Street Tumbles to 2014 Low as Oil Prices Sink
The S&P 500 ended down 1.17 percent at 1,859.33, its lowest close since October 2014. It had fallen as low as 1,812.29.The Dow Jones industrial average ended 1.56 percent lower at 15,766.74 points.
-
Wall Street Tumbles To 2014 Low As Oil Prices Sink
Wall Street's recent selloff deepened on Wednesday, with the S&P 500 closing at its lowest in over a year as US oil prices plummeted to 2003 lows.
-
Big Selloff on Wall Street as Oil Prices Sink
Wall Street moved deep into the red in volatile trading on Wednesday, extending this year's selloff as oil prices continued to plummet unabated.
-
Oil Sinks Again on Glut as US Crude Hits New Lows
Oil futures fell further on Wednesday, with US crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.
-
Wall Street Plunges As Oil Tumbles And China Fears Deepen
Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.
