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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 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

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

Rupee pares initial gains, settles 2 paise down at 74.68 against US dollar

Rupee pares initial gains, settles 2 paise down at 74.68 against US dollar

Mon, Jul 06, 2020

In a highly volatile session, the rupee which opened at 74.53 against the US dollar, touched an intra-day high of 74.52 against US dollar, and a low of 74.82. The domestic unit finally closed at 74.68 against the US dollar, down 2 paise over its previous close of 74.66 on Friday.

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

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

India's fuel demand reaches 80-85% of pre-COVID levels

India's fuel demand reaches 80-85% of pre-COVID levels

Tue, Jun 16, 2020

Fuel consumption at 14.65 million tonnes in May was 47.4 per cent higher than April but 23.3 per cent lower than a year earlier. Diesel - the most consumed fuel - was down about 29.4 per cent in May while petrol sales fell 35.3 per cent.

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

Petrol and diesel price revisions resume after over 80 days

Petrol and diesel price revisions resume after over 80 days

Mon, Jun 08, 2020

Oil marketing companies have resumed the dynamic pricing system for daily revision of fuel prices after over 80 days of halt. In the national capital, the price of both petrol and diesel was increased by 60 paise to Rs 71.86 and Rs 69.99 per litre, respectively.

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

Oil prices edge higher on surprise U.S. stock drawdown, but demand concerns linger

Oil prices edge higher on surprise U.S. stock drawdown, but demand concerns linger

Thu, May 14, 2020

Oil prices crept up on Thursday, supported by a surprise decline of U.S. crude inventories, but gains were capped by worries that a potential second wave of the coronavirus pandemic might trigger fresh lockdowns and slam fuel demand once again

Oil falls amid concerns about new viral outbreaks, rise in inventories

Oil falls amid concerns about new viral outbreaks, rise in inventories

Wed, May 13, 2020

Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave of the coronavirus pandemic in countries easing lockdowns

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