US EditionCrude Oil Rises in Futures Trade Amid Venezuela Crisis
15 Articles
15 Articles
The Siasat Daily
NewsDrumCrude oil rises in futures trade amid Venezuela crisis
New Delhi: Crude Oil prices rose by Rs 42 to Rs 5,197 per barrel in the futures trade on Monday amid cautious sentiment over geopolitical developments. On the Multi Commodity Exchange (MCX), crude oil futures for January delivery rose by Rs 42, or 0.81 per cent, to Rs 5,197 per barrel in a business turnover of 18,270 lots. Similarly, the February contract increased by Rs 37, or 0.72 per cent, to Rs 5,202 per barrel in 3,011 lots. In the internat…
The recent political change in Venezuela has reactivated the attention of international markets. However, from a financial perspective, the key question is not whether Venezuela can cause an oil supply shock, but how this episode increases volatility and affects the formation of expectations in global markets.In terms of production, Venezuela's weight in the world oil market is now limited. Years of sanctions, divestment and institutional deteri…
The development of the unconventional formation of Vaca Muerta in Argentina is no stranger to a challenging international front. And the intervention of the United States in Venezuela, with oil as its protagonist, is another condiment that can impact the strategies of local and international companies. On Monday, the future contracts of the Brent (reference for much of the global trade) recorded a rise of 1.6% to US$61.7 the barrel and the WTI (…
Crude Oil Market Soars as Traders Weigh Maduro's Ordeal
By Adedapo Adesanya The crude oil market was up by about a Dollar per barrel on Monday as traders assessed the possible impact on crude flows from Venezuela, home to the world’s largest oil reserves, following the capture of President Nicolas Maduro by the United States. Brent crude gained $1.01 or 1.66 per cent to […]
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