Commodities
Oil bonanza for India as stocks wipe off Rs7,00,000-cr of investor wealth
09 Mar 2020
Both benchmarks North Sea Brent and US West Texas Intermediate crude futures slid as much as $14 to trade at $31.02 and $27.34 a barrel, respectively, even as plummeting stocks wiped off Rs7,00,000 crore of investor wealth in India
Opec output cut threat fails to boost oil prices
06 Dec 2019
While the move is widely seen as aimed at boosting the initial public offer (IPO) of Saudi Arabia’s state-owned oil producer Saudi Aramco, some market participants also believe the market is approaching the top of an important range above which oil needs more stimulus to push ahead