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Commodity Capsule: Oil Prices Climb as US Crude Stockpiles Drop

Commodity Capsule: Oil Prices Climb as US Crude Stockpiles Drop

Thu, Jan 25, 2024

How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.

Commodity Capsule: Oil Prices Slip as Demand Concerns, Dollar Strength Offset Geopolitical Tensions

Commodity Capsule: Oil Prices Slip as Demand Concerns, Dollar Strength Offset Geopolitical Tensions

Wed, Jan 24, 2024

How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.

Oil drops slightly on China demand concerns but records weekly gain

Oil drops slightly on China demand concerns but records weekly gain

Sat, Jan 20, 2024

Oil prices settled slightly lower but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies.

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Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut

Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut

Mon, Aug 10, 2020

Oil prices climbed in early trade on Monday, clawing back over half of Friday`s losses, on hopes for a stimulus deal to shore up the U.S. economic recovery and a pledge from Iraq to deepen its crude oil supply cuts.U.S. West Texas Intermediate (WTI) crude futures rose 49 cents, or 1.2%, to $41.71 a barrel at 0010 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Oil falls as worsening pandemic threatens recovery

Oil falls as worsening pandemic threatens recovery

Mon, Jul 20, 2020

Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week

Oil slips as traders eye supply cut easing at OPEC meeting

Oil slips as traders eye supply cut easing at OPEC meeting

Mon, Jul 13, 2020

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices

Oil dips, heading for weekly loss as virus cases rise

Oil dips, heading for weekly loss as virus cases rise

Fri, Jul 10, 2020

Oil prices dipped on Friday after steep falls in the previous session and were set for a weekly decline on worries renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere will suppress fuel demand

Oil falls as rise in virus cases, U.S. inventories stall recovery

Oil falls as rise in virus cases, U.S. inventories stall recovery

Thu, Jul 09, 2020

Oil prices inched lower on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a price recovery sparked by easing lockdowns

Futures trading to be permitted in petrol and diesel soon? Check this big development

Futures trading to be permitted in petrol and diesel soon? Check this big development

Wed, Jul 08, 2020

In a major development, it has been reported that markets regulator Securities and Exchange Board of India (Sebi) is looking at permitting futures trading in petrol and diesel.

Oil steadies as economic data overshadows coronavirus worries

Oil steadies as economic data overshadows coronavirus worries

Wed, Jul 08, 2020

Oil prices settled little changed on Tuesday as demand concerns due to a new surge in coronavirus cases overshadowed U.S. government forecasts for lower production. Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. U.S. West Texas Intermediate settled down 1 cent at $40.62 a barrel

Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains

Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains

Tue, Jul 07, 2020

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. U.S

Oil prices mixed as coronavirus spike casts shadow over U.S. demand

Oil prices mixed as coronavirus spike casts shadow over U.S. demand

Mon, Jul 06, 2020

Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States

Oil prices dip on demand worries as California reimposes restrictions

Oil prices dip on demand worries as California reimposes restrictions

Thu, Jul 02, 2020

Oil prices slipped in early trade on Thursday after California reimposed some coronavirus lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand.

Outlook for oil remains positive as lockdown restrictions ease; expert says

Outlook for oil remains positive as lockdown restrictions ease; expert says

Wed, Jul 01, 2020

Crude Oil Outlook: The outlook for crude oil remains positive in the near term as lock down restriction ease across the world, Senior Technical Analyst Anuj Gupta said. He added that inventory situation is improving as the demand for petrol and diesel rise

Oil prices inch up on faith in supply cuts, demand recovery

Oil prices inch up on faith in supply cuts, demand recovery

Fri, Jun 19, 2020

Oil prices pushed higher in early trade on Friday, building on gains in the previous session, after OPEC producers and allies promised to meet their supply cut commitments and two major oil traders said demand was recovering well

Oil prices drop on demand worries as coronavirus cases rise

Oil prices drop on demand worries as coronavirus cases rise

Thu, Jun 18, 2020

Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home and stall a recovery in fuel demand even as lockdowns ease

Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand

Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand

Mon, Jun 15, 2020

Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery

Global Markets: Asia cautious as U.S. riots weigh on S&P futures

Global Markets: Asia cautious as U.S. riots weigh on S&P futures

Mon, Jun 01, 2020

Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington`s power struggle with Beijing

Oil price, after tripling from its bottom, may rise by 3-4 pct, expert says

Oil price, after tripling from its bottom, may rise by 3-4 pct, expert says

Thu, May 28, 2020

Oil price has reached its immediate peak after a big rally as it has more than tripled from its bottom and the outlook for the commodity is that there is not likely to be an upside from here, Amit Sajeja, Assistant Vice President, Research, at Motilal Oswal told Zee Business

Oil drops on worse than feared rise in U.S. fuel stocks

Oil drops on worse than feared rise in U.S. fuel stocks

Thu, May 28, 2020

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns

Oil slips on demand worries, Hong Kong tensions

Oil slips on demand worries, Hong Kong tensions

Wed, May 27, 2020

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment

Oil steadies as demand uncertainty tempers supply cuts

Oil steadies as demand uncertainty tempers supply cuts

Tue, May 26, 2020

Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts

U.S. commodities regulator warns of more volatility, possible negative prices

U.S. commodities regulator warns of more volatility, possible negative prices

Fri, May 15, 2020

The top U.S. commodities markets regulator warned exchanges and brokerages on Thursday that they should be prepared for volatility and possible negative pricing for certain contracts, nearly one month after U.S. oil futures plunged into negative territory for the first time in history

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