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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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Commodity Live: Gold prices fall in MCX, Crude shows pressure from upper levels

Commodity Live: Gold prices fall in MCX, Crude shows pressure from upper levels

Thu, Sep 07, 2023

Commodity Live: Today the shine of gold has faded in the market. There has been a huge fall in the prices of gold today. Gold on MCX has reached near ₹ 59000. Also there is pressure in crude.

Oil gains on supply woes after OPEC+ output cuts

Oil gains on supply woes after OPEC+ output cuts

Wed, Sep 06, 2023

Brent crude oil price news: Brent crude futures rose by 14 cents to $90.18 a barrel at 0215 GMT. US West Texas Intermediate crude (WTI) futures gained 12 cents at $86.81 a barrel.

Oil prices mixed on receding support from China's steps to revive economy

Oil prices mixed on receding support from China's steps to revive economy

Tue, Sep 05, 2023

Brent crude oil price news: Oil prices were mixed on Tuesday as support from China's measures to shore up its economy vanished, offsetting expectations of an extension in supply cuts by two leading OPEC+ members Saudi Arabia and Russia Brent crude futures for November fell 10 cents, or 0.11 per cent, to $88.90 a barrel. U.S. West Texas Intermediate crude (WTI) October futures rose 33 cents, or 0.39 per cent, to $85.88 at 0029 GMT.

Commodity Capsule: Gold bound for best week in six; metal falls; oil set to fall for 2nd week | Watch video

Commodity Capsule: Gold bound for best week in six; metal falls; oil set to fall for 2nd week | Watch video

Fri, Aug 25, 2023

Commodity Capsule: Spot prices retained a closely-watched $1,900/ounce level. It has gained 1.4 per cent for the week so far.

Oil heads for weekly fall on demand worries, dollar strength

Oil heads for weekly fall on demand worries, dollar strength

Fri, Aug 25, 2023

Brent crude oil price news: Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant.

Oil prices fall on weak economic data, interest rate worry

Oil prices fall on weak economic data, interest rate worry

Thu, Aug 24, 2023

Brent crude oil price news: Markets are also looking for hints on the outlook for how long interest rates will remain at current levels ahead of a speech by Federal Reserve Chair Jerome Powell at a central bank symposium in Jackson Hole, Wyoming, starting on Thursday.

Commodity Capsule: Gold prices edge marginally higher; base metals gain; oil prices rangebound

Commodity Capsule: Gold prices edge marginally higher; base metals gain; oil prices rangebound

Wed, Aug 23, 2023

Commodity Capsule: Markets are now focused squarely on Federal Reserve Chair Jerome Powell's address at the Jackson Hole Symposium on Friday.

Oil prices ease on concerns over rate hikes, China gloom

Oil prices ease on concerns over rate hikes, China gloom

Wed, Aug 23, 2023

Brent crude oil price news: Brent crude dipped 17 cents, or 0.2 per cent, to $83.86 a barrel by 0031 GMT while U.S. West Texas Intermediate crude was at $79.56 a barrel, down 8 cents, or 0.1 per cent. Both benchmarks lost about 0.5 per cent on Tuesday.

Oil up on expected US oil stock drawdown, but China gloom tempers gain

Oil up on expected US oil stock drawdown, but China gloom tempers gain

Tue, Aug 22, 2023

Brent crude oil price news: Brent crude was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude was trading 9 cents higher at $80.81 a barrel at 0101 GMT. WTI's contract with September expiry was up 11 cents at $80.23 a barrel.

Oil set to snap 7-week winning streak on China woes, Fed rate outlook

Oil set to snap 7-week winning streak on China woes, Fed rate outlook

Fri, Aug 18, 2023

Brent crude oil price news: Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China as its economy slows, and the possibility of higher for longer U.S. rates triggered losses.

Oil prices down on weaker growth in China, US rate hike jitters

Oil prices down on weaker growth in China, US rate hike jitters

Thu, Aug 17, 2023

Brent crude oil price news: Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest rate hikes weakening fuel demand in the world's two biggest economies.

Oil falls on China worries despite tighter US supply

Oil falls on China worries despite tighter US supply

Wed, Aug 16, 2023

Brent crude oil price news: Oil prices edged down on Wednesday, extending a 1 per cent drop in the previous session, as worries about China's struggling economy outweighed declining US stockpiles.

Oil prices down ahead of key economic data in China

Oil prices down ahead of key economic data in China

Tue, Aug 15, 2023

Brent crude oil price news: Oil prices fell in early trade on Tuesday ahead of a slew of economic data from China which should provide clues on the outlook for any recovery in demand in the world's top oil importer. U.S. West Texas Intermediate crude was down 11 cents, or 0.13 per cent, at $82.40 a barrel.

Oil eases on stronger dollar, China demand concerns

Oil eases on stronger dollar, China demand concerns

Mon, Aug 14, 2023

Brent crude oil price news: Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed. Brent crude futures fell 29 cents, or 0.3 per cent, to $86.52 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $82.95 a barrel, down 24 cents, or 0.3 per cent.

Oil settles lower as US rate hike fears subside, China demand weighs

Oil settles lower as US rate hike fears subside, China demand weighs

Fri, Aug 11, 2023

Brent crude oil price news: Oil prices settled lower on Thursday, with Brent crude holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook.

Oil prices fall as China woes offset boost from high US fuel demand

Oil prices fall as China woes offset boost from high US fuel demand

Thu, Aug 10, 2023

Brent crude oil price news: Oil prices fell in early Asian trade on Thursday after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel stockpiles and Saudi and Russian output cuts.

Oil prices drop 1% on fears of weaker demand

Oil prices drop 1% on fears of weaker demand

Tue, Aug 08, 2023

Brent crude oil price news: Oil prices settled down 1 per cent on Monday, after six straight weekly gains, as investors braced for weaker demand from China and the United States, the world's two biggest economies.

Oil extends gains, hovers at four-month highs on OPEC+ cuts

Oil extends gains, hovers at four-month highs on OPEC+ cuts

Mon, Aug 07, 2023

Brent crude oil price news: Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices.

Oil prices set for sixth weekly gain as producers pledge output cuts

Oil prices set for sixth weekly gain as producers pledge output cuts

Fri, Aug 04, 2023

Brent crude oil price news: Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month.

Oil rises marginally as markets weigh inventory data, US ratings downgrade

Oil rises marginally as markets weigh inventory data, US ratings downgrade

Thu, Aug 03, 2023

Brent crude oil price news: Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch's downgrade of the U.S. government's top credit.

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