Market Outlook

Market Outlook

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Weekly Outlook for Crude Oil | Capital Street Fx

CURRENT SCENARIO U.S. West Texas Intermediate and Brent petroleum futures posted a choppy two-sided trade, but still managed to shut over 2% higher for the week. Traders put aside most worries about the raging pandemic in India by surmising...

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Oil Down Over Unexpected Surge in U.S. Gasoline Inventories

Brent was trading 0.08% down at $63.11. Oil was down Thursday morning in Asia, as U.S gasoline raised concerns about weakening demand for crude in the world’s biggest oil consumer alongside rising stockpiles. Brent Oil Futures were down 0.33%...

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Oil prices rise on stronger economic outlook, U.S. stockpile draw

Brent was trading 0.35% down at $62.52. Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel...

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Traffic slows in Suez Canal as tanker faces difficulties

Brent was trading 1.72% up at $63.13. Marine traffic slowed in the Suez Canal on Tuesday as oil tanker M/T Rumford appeared to face difficulties in the south of the canal, shipping websites MarineTraffic and TankerTrackers said. A trade...

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Suez Canal shipping backlog ends, days after giant vessel freed

Brent was trading 0.03% up at $64.67. All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up...

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OPEC+ panel lowers oil demand growth forecast

Brent was trading 1.49% up at $1687.60. OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market’s recovery amid a wave of new coronavirus lockdowns, a report from its experts...

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Gold Down, Near Two Week Low Over Firm Dollar, Rising Treasury Yields

Gold was trading 1.49% up at $1687.60. Gold was down on Tuesday morning in Asia, dropping to its lowest level in more than two weeks. Investors turned away from the safe-haven asset as the quickening vaccine rollout and the...

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Oil falls as demand concerns outweigh Suez Canal disruptions

Brent Crude was trading 1.40% down at $63.48. Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, even as tug boats struggled to move a stranded container...

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Oil slips as European lockdowns dim demand recovery hopes

Brent Crude was trading 0.05% up at $64.55. Oil prices resumed their decline on Monday, falling on renewed concerns that European coronavirus lockdowns could slow any recovery in demand for fuel products. Brent Crude was down 24 cents, or...

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Oil prices rise after sell-off driven by demand fears

Brent Crude was trading 0.49% down at $62.94. Oil prices rose by more than $1 on Friday, after a big sell-off in the previous session as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened...

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Oil’s decline continues as inventories rise, demand recovery clouded

Brent Crude was trading 1.10% down at $67.25. Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in U.S and fuel inventories, while the ever-present pandemic clouded the...

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Oil slips for fourth day on Europe demand concern, IEA report

Brent Crude was trading 0.85% down at $67.82. Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S Crude stockpiles unexpectedly fell last week. Several European countries...

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Oil drops amid rising stockpiles and COVID-19 demand concerns

Brent Crude was trading 1.18% down at $68.06. Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and...

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Oil hits almost 14-month high after OPEC+ extends output cuts

WTI CRUDE was trading 2.48 up at $65.41. Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a...

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Oil Up, Investors Turn Focus to OPEC+ Output Decision

Brent was trading 0.16 up at $64.19. Oil was up Thursday morning in Asia, rising for a second consecutive session over the prospect of the Organization of the Petroleum Exporting Countries and allies (OPEC) deciding against increasing output at...

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Oil optimism unwinding market’s mad dash for storage

Brent was trading 0.06 up at $63.73. When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring...

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OPEC pins oil demand hopes on second-half recovery as India dents Q2

LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth ...
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Gold futures drop below Rs 47,800/10 gm, silver near Rs 71,750/kg: Should you take positions?

Domestic gold futures remained under pressure for the most part of the day after giving up initial gains on Tuesday ...
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Gold declines by Rs 212 to Rs 47,308/10 gm; silver cheaper by Rs 973

NEW DELHI: Gold in the national capital on Tuesday declined by Rs 212 to Rs 47,308 per 10 gram with ...
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Aluminium futures jump 2% tracking positive trend in spot market

NEW DELHI: Aluminium prices rose 1.89 per cent to Rs 204.55 per kg in the futures trade on Monday as ...
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Crude oil futures gain on firm spot demand

NEW DELHI: Crude oil prices rose Rs 28 to Rs 4,791 per barrel on Monday as participants widened their positions ...
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China’s coal futures hit record as exchange tries to cool rally with fee hike

Thermal coal futures in China surged to a record high as a severe supply crunch overpowered the exchange’s effort to ...
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Gold rate today: Yellow metal nears Rs 48,000; silver declines

NEW DELHI: Gold futures were trading higher on Tuesday after trading near a three-month high in the previous session after ...
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Gold rate: Yellow metal nears Rs 48,000; silver declines

NEW DELHI: Gold futures were trading higher on Tuesday after trading near a three-month high in the previous session after ...
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Crude oil rises as key US fuel pipeline plans restart

NEW YORK: Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within ...
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Gold turns flat as US yields negate firmer dollar

Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, ...
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Mutual fund investors shifted to debt schemes in April; equity funds also logged inflows

NEW DELHI: Mutual fund investors continued to pour money into equity funds for the second month in April even as ...
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How to beat depressed debt returns via market-linked debentures?

MUMBAI: Debt returns have been rather depressed, with rates plunging to record lows. So, how does one earn more from ...
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Investors take a fancy to market-linked debentures’ returns

MUMBAI: Debt returns have been rather depressed, with rates plunging to record lows. So, how does one earn more from ...
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JSW Hydro obtains four times higher bids for $750 mn overseas green bonds

MUMBAI: , Goldman Sachs, China Asset Management, FIL Investment (Fidelity), UBS and Schroder Investment are among the bidders for JSW ...
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GIC, Goldman, others line up for JSW arm’s $707-m bonds

MUMBAI: , Goldman Sachs, China Asset Management, FIL Investment (Fidelity), UBS and Schroder Investment are among the bidders for JSW ...
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Mid-cap funds look good, but don’t invest in one go

Investors looking to invest in mid-cap mutual fund schemes could look at staggering their investments over the next few months, ...
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SBI Card raises Rs 455 cr by issuing bonds

NEW DELHI: SBI Cards and Payment Services (SBI Card) on Monday said it has raised Rs 455 crore by issuing ...
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Should you stop your equity fund SIP now?

It’s like a bad dream that has surfaced the second night running, only worse. A year down the line, the ...
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Why you should not rush to deposit at current yield levels

While covid-induced disturbances are hurting everyone, it is a particularly tough time for people who survive on fixed income instruments ...
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Are guaranteed income plans an option for you?

When the government rolled back the cut in small savings rates, millions of investors heaved a sigh of relief. Investors ...
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Coca-Cola revenue rises past estimates on easing pandemic curbs

Coca-Cola Co UP 0.66% AT 53.68 Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Monday, fuelled by strong demand for its beverages from the gradual reopening of restaurants and cinema theatres following accelerated vaccine rollouts. Net revenue...

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European Stock Futures Lower, Consolidating Ahead of ECB Meeting

European stock markets are seen opening slightly lower Monday, consolidating from record levels with the corporate earnings season to continue and investors awaiting the latest European Central Bank meeting. At 3:05 AM ET (0705 GMT), the DAX futures contract...

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