Such ETFs own futures contracts on crude oil instead of the commodity itself. The ETF price will mimic the spot price.

Uncertainties over the developments in West Asia helped boost the price of the commodity

Market players feel that there could be escalation in tension in West Asia following the recent developments in the region

Brent and WTI oil futures saw declines of over 3%, with MCX crude oil futures also experiencing significant drops.

October crude oil futures were trading at ₹5953, up by 0.30 per cent, and November futures were trading at ₹5931, up by 0.58 per cent, during the initial hours

December Brent oil futures rose to $74.37, while November WTI futures climbed to $70.59.

Market players are also assessing the supply risks from West Asia following the tensions in the region

Traders can stay out for now

In India, October crude oil futures traded slightly lower at ₹5,850

Market is also cautious about a potential increase in global oil supply as the OPEC+ is planning to restore production output in December

US crude oil inventories rose by 1.64 million barrels for the week ended October 18. Market estimates had earlier pegged increase at 0.7 million barrels

Windfall Tax is to counterbalance the unusually high profits earned by oil and gas companies from high global crude oil prices

At 9.56 am on Friday, December Brent oil futures were at $74.50, up by 0.16 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $70.28, up by 0.13 per cent

November natural gas futures were trading at ₹254.50 on MCX during the initial hour of trading on Monday against the previous close of ₹258.20, down by 1.43 per cent

November crude oil futures were trading at ₹5,686 on MCX during the initial hour of trading on Tuesday

Official data on crude oil inventory level in the US is expected later on Wednesday

Traders can go short

Increase in tensions in West Asia also boosted the price of the commodity. The latest developments in West Asia have created apprehensions in the market over possible crude oil supply disruptions from the region.

Market also focussed on outcome of US Federal Reserve meeting later in the week

Market eyes results of the US presidential election

The Trump administration could stimulate economic growth in the US, which could help boost consumption demand in that country, say analysts

Credit risk funds, which invest at least 65 per cent of their portfolio in corporate bonds rated AA or below, offer a shot at high accrual returns

Prudent became the second non-banking mutual fund distributor to achieve this milestone last Friday

ICICI Prudential Flexicap’s performance over the past three years places it in the top-quartile of its category

The tax, levied as Special Additional Excise Duty (SAED), aims to moderate the impact of rising oil prices on consumers.

A lump sum investment of ₹10 lakh at the time of inception in October 31, 2002 will be worth about ₹7.26 crore given compounded annual growth rate of 22 per cent

Trudeau admits intelligence, not evidence, behind claims of Indian involvement in Nijjar’s killing.

His comments came during Diwali celebrations at Ottawa’s Parliament Hill recently amid an ongoing diplomatic row with India over the killing of Khalistan extremist Hardeep Singh Nijjar

The Canadian leader appealed in his comments directly to the interests of Donald Trump, whose strategy throughout his election campaign was to win over blue-collar workers

The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes

The last such revision took place effective August 31 when the windfall tax on crude petroleum was set at ₹1,850 per tonne

Rupee weighed down by strong dollar, outflow of foreign funds

Trump’s policies on trade have tended to strengthen the US dollar in the past

The government stuck to the theme as it raised the capex outlay for the coming financial year to Rs.11.11 lakh crore, an increase of 11%

Around 22% of the daily oil production and 9.7% of the daily natural gas production in the Gulf of Mexico has been shut in response to Hurricane Rafael

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent

TMB had been exploring options for its bancassurance partnerships after its planned merger with Thanachart.

The post Prudential reaches $753m Thai deal with tycoon Li’s FWD appeared first on DealStreetAsia.

Production from PSCs now stands around 30% share of domestic oil, 20% of natural gas

As Quebec begins to reopen schools and businesses, Prime Minister Justin Trudeau said he’s ‘worried’ about the province’s deconfinement plans, particularly in Montreal.

The National Stock Exchange (NSE) on Wednesday said it was working to equip its systems to handle crises such as that caused by the crash in crude prices.

Pr�t� � Manchester United par le Shanghai...

Prime Minister Justin Trudeau warned on Saturday that if provinces move too quickly to reopen their economies, a second wave of the coronavirus pandemic could send Canada "back into confinement this summer."

Prime Minister Justin Trudeau warned on Saturday that if provinces move too quickly to reopen their economies, a second wave of the coronavirus pandemic could send Canada "back into confinement this summer."

Although health officials have pointed to a flattening rate of daily cases in many provinces, Trudeau said Canada was "not in the recovery phase yet."

An insight into the science of yoga

April 18,...