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Brent Crude

Oil jumps 1% after Houthis attack on fuel tanker in Red Sea

Oil jumps 1% after Houthis attack on fuel tanker in Red Sea

Mon, Jan 29, 2024

Brent crude oil price news: Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude rose 78 cents to $78.79 a barrel.

Oil prices ease in early trading; set to post weekly gains

Oil prices ease in early trading; set to post weekly gains

Fri, Jan 26, 2024

Brent crude futures eased 32 cents, or 0.39 per cent, to $82.12 a barrel by 01:15 GMT. US West Texas Intermediate crude fell 41 cents, or 0.5 per cent, to $76.95.

Oil prices rise on big draw in US crude stocks, China stimulus hopes

Oil prices rise on big draw in US crude stocks, China stimulus hopes

Thu, Jan 25, 2024

Brent crude oil price news: The March contract for Brent crude gained 20 cents, 0.3 per cent, to $80.24 a barrel as at 0128 GMT. US West Texas Intermediate crude climbed 22 cents, or 0.3 per cent, to $75.31 a barrel.

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Oil Price Outlook Today: Crude oil headed for further weakness; this expert reveals trading strategy

Oil Price Outlook Today: Crude oil headed for further weakness; this expert reveals trading strategy

Fri, Oct 30, 2020

Crude Oil Outlook: Amid looming danger of fresh lockdowns on the back of rising Covid-19 cases in Europe and the US, crude oil prices are likely to take a further hit, Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said

Oil prices drop for fourth day as COVID-19 second wave worries intensify

Oil prices drop for fourth day as COVID-19 second wave worries intensify

Tue, Oct 20, 2020

Oil prices slipped for a fourth straight day on Tuesday on worries about a resurgence of coronavirus cases globally stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply in the market.

Oil Price Outlook Today: Want to trade in oil futures? This expert reveals the intraday strategy here!

Oil Price Outlook Today: Want to trade in oil futures? This expert reveals the intraday strategy here!

Mon, Oct 19, 2020

Crude Oil Outlook: The Crude Oil futures are expected to trade in a positive territory, Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said. The oil futures will likely see an upward movement on Monday on the intraday basis, he added

Oil holds gains on shrinking U.S. stockpiles

Oil holds gains on shrinking U.S. stockpiles

Thu, Oct 15, 2020

Oil prices rose slightly in early trade on Thursday after data showed U.S. crude stockpiles fell last week, adding to 2% gains overnight, as OPEC and its allies were seen fully complying in September with their pact to curb output

Oil Price Outlook: Know what will impact prices this month

Oil Price Outlook: Know what will impact prices this month

Tue, Oct 13, 2020

Crude Oil Outlook: Coronavirus pandemic will continue to create global economic uncertainties putting crude oil in a spot, Senior Technical Analyst Anuj Gupta said adding that the current trend reflected a downward bias. He said that there is enough supply while the demand has not picked as much pace

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

Tue, Oct 13, 2020

Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield

Oil prices head for 10% weekly jump on North America, Norway outages

Oil prices head for 10% weekly jump on North America, Norway outages

Sat, Oct 10, 2020

Oil prices fell on Friday, erasing an earlier rise but still leaving both benchmarks on track for their biggest weekly gains since early June on the back of supply cuts caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway

Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles

Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles

Wed, Oct 07, 2020

Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in U.S. crude inventories

Oil rises more than 1% after upbeat signals from Trump doctors

Oil rises more than 1% after upbeat signals from Trump doctors

Mon, Oct 05, 2020

Oil prices rose more than 1% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm

Oil drops 3% on weak demand outlook and higher OPEC supplies

Oil drops 3% on weak demand outlook and higher OPEC supplies

Fri, Oct 02, 2020

Oil prices fell 3% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices

Oil drops second day as surging coronavirus cases prompt demand worries

Oil drops second day as surging coronavirus cases prompt demand worries

Wed, Sep 30, 2020

Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens

Oil slips as demand worries offset hopes for stimulus

Oil slips as demand worries offset hopes for stimulus

Tue, Sep 29, 2020

Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world`s biggest economy

Oil to remain week amid growing coronavirus cases, expert says; check outlook here!

Oil to remain week amid growing coronavirus cases, expert says; check outlook here!

Mon, Sep 28, 2020

Crude Oil Outlook: The uncertainty around the coronavirus pandemic is likely to impact crude oil, hitting oil prices further, Senior Technical Analyst Anuj Gupta said. He further said that the forthcoming US elections will also play on the price of the crude oil as the USD may see some weakness over the one-month period

Oil heading for weekly decline as coronavirus demand concerns mount

Oil heading for weekly decline as coronavirus demand concerns mount

Fri, Sep 25, 2020

Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Mon, Sep 07, 2020

Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic

WTI Crude: Oil set to post weekly drop on lacklustre demand

WTI Crude: Oil set to post weekly drop on lacklustre demand

Fri, Sep 04, 2020

The volume of crude arriving in China, the world`s largest crude importer, is set to slow in September after rising for five straight months as its refiners gradually digest bloated inventories, according to data on Refinitiv Eikon.

Oil falls 1% on sluggish coronavirus recovery, supply concerns

Oil falls 1% on sluggish coronavirus recovery, supply concerns

Sat, Aug 22, 2020

Oil prices lost about 1% on Friday as the economic recovery worldwide runs into stumbling blocks due to renewed coronavirus lockdowns and on worries about rising crude supply. The euro zone`s economic recovery from its deepest downturn on record stalled this month as pent-up demand unleashed by the easing of lockdowns in July dwindled, a survey showed

Oil price climbs for third straight week, buoyed by producers holding back output

Oil price climbs for third straight week, buoyed by producers holding back output

Fri, Aug 21, 2020

Meanwhile, an internal report by the Organization of the Petroleum Exporting Countries and allies, showed the group known as OPEC+ was focused on ensuring that members who had overproduced against their commitments would cut their output, as flagged following an OPEC+ meeting on Wednesday.

Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery

Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery

Fri, Aug 14, 2020

Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide

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

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