#crudeprices

[usnewsper-business]

Oil Rig Count Soars, Boosting Crude Prices: Positive Signs for U.S. Oil Industry #activeoilrigs #crudeprices #EagleFordShale #oilrigcount #PermianBasin

[elite-investment-advisory-blog]

Crude Oil Futures Drifted On Global Leads

Crude oil futures floated lower by Rs 3 to Rs.4,099 a barrel on Wednesday as speculators cut their exposure amid a weak trend internationally. At Multi Commodity Exchange (MCX), crude OIL for delivery in April dimmed Rs 3, or 0.07%, to Rs.4099 a barrel in a business turn-over of 10,653 lots. The fall in crude prices at futures market is attributed mostly in synchronization with a weak trend overseas weighed down by economic growth issued that diminished the outlook for fuel consumption. Meanwhile, WTI crude traded 0.22% lower at USD 59.16, while Brent crude fell 0.04% to USD 67.58 a barrel, amid continued concerns about the OPEC reducing supplies MCX Crude oil futures settled at Rs4100 per barrel, up marginally while Global markets are looking slightly cautious ahead of the Fed monetary policy meeting and there is a possibility of oil extending losses. The U.S Energy Info Admn is due to release its weekly crude production and storage level report on Wednesday. Get Nifty Future Tips , Commodity tips, Stock future tips by Best Stock Advisory Service in India. Read the full article

[financialservicesposts]

What are Capital Gains? How to Save Tax On Capital Gains

Tax is something that every individual has to pay on the income earned or the business involved. By collecting taxes from the public, the government uses the amount collected in public services such as building roads, schools, medicare and more. 

What is Capital Gain?

The profit or benefit you earned by selling a capital asset is known as a capital gain. These gains heavily depend on the duration of the assets that come under your category. The profit you made from the capital asset is of two types: Short Term Capital Gains and Long Term Capital Gains. 

Short Term Capital Assets :- A capital asset which you hold for 36 months can be called a short term capital asset. There are other specific assets whose holding period can be lowered to 24 months or 12 months.

Exceptions :- How to Save Tax On Short Term Capital Gains

Immovable properties such as buildings, land and house. 

Unlisted share

What is Long Term Capital Gain Tax :- Long Term Capital Gains refer to the profit that you make from an investment for a long period. LTCG can be held for 1-3 years. These gains are eligible to be taxed under the Income Tax Act called Long Term Capital Gain Tax.

Exceptions :- How to Save Tax On Long Term Capital Gains

Section 54 This includes the long term capital gain on the sale of a house and the reinvestment of the amount received on the other house. 

Section 54EC Long term capital gains on the sale of a house and reib=vest the amount received in bonds.

Section 54F This relates to long-term capital gains on the sale of any asset other than a home and the reinvestment of the proceeds in the purchase of a home.

[indian-news-network]

Delhi's auto, taxi & cab drivers starts 2-day strike from April-18 to 19 over the rising prices of fuel & cng. Several unions of auto & cab drivers are demanding to cut the soaring fuel prices. Delhi government has assured to form a committee to look into the matter. #FuelPrice #PetrolPrice #cngpricehike #Delhi #delhigovernment #FuelPrices #crudeprice #auto #taxi #cab #strike https://www.instagram.com/p/CcezuA3oQlG/?igshid=NGJjMDIxMWI=

[bizvdme]

Menacing demand recovery leads to a dip in oil prices

With the increasing pace of the COVID-19 crisis, oil prices fell owing to derail a fuel recovery. Brent crude sank 10 cents, or 0.2%, at $43.04 a barrel, after a dip last week. US oil fell by 6 cents, or 0.2%, at $40.53 a barrel.

[rkapetroleum]

We expect the increasing global petroleum stocks will limit upward crude oil prices in the coming months and contribute to lower crude oil prices later this year and into 2022.

U.S. Energy Information Administration

[marketsmithindia]

Brent Crude’s slide into the negative territory triggered a whirlpool of speculation, causing chaos amongst stock market players. As the economics of crude oil became the talk of the town, investors were unwilling to accept the physical delivery at the time of settlement which forced them to dump their contracts at all costs, resulting in the negative pricing.

In our Special Report this week, we have focused on how crude oil price gets impacted, the economics of production cost, the impact of crude oil price on gas price, impact on India’s economy, and sectors and stocks in focus due to crude oil.

[bearishmitch]

Weekly Oil Views: Calm Before the Storm? Iran Could Open a Proxy Battlefront

The oil market may be underestimating Iran’s ability to disrupt oil flows in and out of the Middle East and thepotential repercussions.

Crude prices largely shrugged off last week'sattack by Yemen's Iranian-backed Houthi rebels on Saudi oil tankers in the Bab el-Mandeb strait, which forced the kingdom to indefinitely suspend oil shipments from the Red Sea on its western coast.

Thekingdom, the world's largest exporter of crude and the only producerwith any significant spare production capacity,wields tightcontrol over the flow of information and routinelydownplayssecurity incidents. But the chokepoints in the waterways aroundthe Arabian Peninsula are not the only ones in danger from an increasingly rattled Iran. Thereare signs thatcriticaloil and gas facilities onshore Saudi Arabia are becoming growingtargets ofsophisticated ballistic missiles being fired from itstroubled southern neighbour.

Withthe August 6 implementation date for the first batch ofunilateral US sanctions against Iran approaching, the war of wordsbetween the two countrieshas becomeprogressively uglier. Inthe Middle East, proxy wars between Saudi Arabia and Iran haveescalatedin recent years, particularly Yemen, where the Houthi rebels seized control ofthe government in Sana'a in late 2014, unseating the now-exiled government, which is backed by the Saudis.

Saudi Arabia snubbed Iran at the OPEC/non-OPEC meetings June 22-23 in Vienna, effectively bulldozing a decision to increase output -- with support from its Gulf Cooperation Council peers and major non-OPEC collaborator Russia -- against vehement opposition from the Iranian oil minister Bijan Zanganeh. The Islamic Republic sees a direct connection between the US seeking to squash its oil revenues and Saudi Arabia preparingto grab itsmarket share.

It was the Saudi kingthat Tehran'snemesis Donald Trump called upa few weeks ago, demanding higher oil production to cool down prices. And it is Saudi Arabia that boosted outputby the largest amount and in the shortest possible time since then.

Iran does not have to take on the US or its Fifth Fleet stationed in countries around the Persian Gulf (though it has revived threats of shutting the vital oil conduit of the Strait of Hormuz) to disrupt oil flows. At least not yet. It could use the Houthi rebels inYemen tolaunch more intensive and damaging attacks on thekingdom's oil facilitiesand send crudeprices rocketing, which would hurt Trump too.

Contract Jul 27 settle Jul 20 settle 52-week high 52-week low ICE Brent (Sep 2018) 74.29 73.07 79.80 50.27 NYMEX WTI (Sep 2018) 68.69 70.46 74.15 45.96

Source: CME (NYMEX WTI), ICE (Brent). All prices in USD/barrel. "Settle" refers to the day's closing price. All figures are for the most-active front-month futures contract on the given days. The 52-week high and low numbers are the front-month contract's closing levels for the day.

» Get straight to the source on Smartkarma.

Mitch recommends source https://goo.gl/tDQgbm

[loveericmoody]

Rising crude oil prices fuel market fall https://t.co/IJXeCLah8w @samiemodak @UjjvalJauhari #FrontPage… https://t.co/PvrhN2VwFP

Rising crude oil prices fuel market fall https://t.co/IJXeCLah8w @samiemodak @UjjvalJauhari #FrontPage… https://t.co/PvrhN2VwFP

Rising crude oil prices fuel market fall https://t.co/IJXeCLah8w @samiemodak @UjjvalJauhari #FrontPage #CrudePrices #Markets pic.twitter.com/wdH8eZnAuT

— Business Standard (@bsindia) November 8, 2017

[indian-news-network]

Fuel price hiked by 13th time in 15 days by 80 paise. With the 13 versions of new prices Petrol in Delhi now costs Rs. 104.61/litre and Diesel now costs Rs. 95.87/litre. Petrol in Mumbai now costs 119.67/litre and Diesel now costs 103.92/litre. Petrol in Madhya Pradesh now costs Rs. 118.82/litre and Diesel now costs Rs. 101.76/litre. #PetrolDieselPriceHike #FuelPriceHike #PetrolDiesel #PetrolPrice #DieselPrice #petrol #diesel #FuelPrices #crudeprice #crudeoil #petroldieselpricetoday https://www.instagram.com/p/Cb9SRzNIzrA/?utm_medium=tumblr

[bizvdme]

Oil plunges due to fragile economic data

Crude clung to losses in the midst of a combination of dim economic data and signals that market recovery may slow.