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Reuters
Dec 31, 2022, 4:31 PM
The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.
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Reuters | Dec 31, 2022Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest RatesAfter rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.2 mins read
Reuters | Dec 31, 2022Oil Prices Climb By $2 Amid Forecasts For 2023 Demand UptickBrent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.2 mins read
Reuters | Dec 31, 2022Russia Replaces Iraq As Top Oil Supplier To India In NovemberIndia's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.2 mins read
Reuters | Dec 31, 2022Oil Rises To Over $80/bbl As Dollar Slumps On Slowing InflationThe market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.2 mins read
Reuters | Dec 31, 2022Turkey Reaches Deal Over New Crude Tanker Insurance RegulationsThe Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.2 mins read
Reuters | Dec 31, 2022Ecuador's State Oil Firm Says Weather Power Outage Hits Hundreds Of WellsIn a statement, Petroecuador did not estimate the impact of Sunday's incident on its production levels, but said it was working to normalize output in the coming days after the resulting power outage affected 728 of its wells.1 min read- Reuters | Dec 31, 2022Oil Up $2/bbl On Supply Risks Amid Ongoing Keystone OutageBrent crude futures settled at $77.99 a barrel, gaining $1.89 or 2.5%. U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%.3 mins read
Pratik Rakshit | Dec 31, 2022Ola Electric Plans 6 New Electric Products For India By 2027Ola Electric will gradually scale up its product portfolio with new products in the electric 2-/3-/ and 4-wheeler segment with the first product coming up next year.2 mins read
