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Crude oil price

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.

Commodity Capsule: Oil Prices Hover Around $78-$79 Range

Commodity Capsule: Oil Prices Hover Around $78-$79 Range

Fri, Jan 19, 2024

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

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Oil prices tumble more than $5 a barrel as President Joe Biden weighs massive reserves release

Oil prices tumble more than $5 a barrel as President Joe Biden weighs massive reserves release

Thu, Mar 31, 2022

Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.

Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release

Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release

Thu, Mar 31, 2022

Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.

Oil drops on Ukraine peace talk hopes, China demand fears

Oil drops on Ukraine peace talk hopes, China demand fears

Tue, Mar 29, 2022

Oil prices dropped on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in COVID-19 cases.

Asian stocks dip, oil skids on Shanghai shutdown

Asian stocks dip, oil skids on Shanghai shutdown

Mon, Mar 28, 2022

Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains that could add to inflationary pressures.

Oil drops as supply crunch fears ease, trading costs rise

Oil drops as supply crunch fears ease, trading costs rise

Fri, Mar 25, 2022

Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures.

Oil futures climb as supply concerns linger

Oil futures climb as supply concerns linger

Thu, Mar 24, 2022

Oil futures extended gains on Thursday morning, after sharply rising in the first portion of the week, as traders weighed additional supply disruptions following reports of storm damage at a major export terminal system on the Black Sea.

Indian Oil buys 30 lakh barrels of crude oil that Russia offered at steep discount

Indian Oil buys 30 lakh barrels of crude oil that Russia offered at steep discount

Wed, Mar 16, 2022

Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said.

Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns

Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns

Mon, Mar 14, 2022

Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict.

Oil prices fall, continuing downward trend from last week

Oil prices fall, continuing downward trend from last week

Mon, Mar 14, 2022

Oil prices fell on Sunday at the start of the session, extending last week`s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.

Tyre companies' margins to be hit by increasing input costs as well as decreasing demand for vehicles

Tyre companies' margins to be hit by increasing input costs as well as decreasing demand for vehicles

Fri, Mar 11, 2022

With the increase in the price of crude oil, the current prices have reached USD 110. The tyre companies are expected to face the brunt through the component of crude derivatives, said Zee Business' analyst, Kushal Gupta.

Oil crawls higher on supply doubts, but heads for sharp weekly decline

Oil crawls higher on supply doubts, but heads for sharp weekly decline

Fri, Mar 11, 2022

Oil prices clawed back some losses on Friday but were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.

Oil falls towards $125 as investors weigh US import ban

Oil falls towards $125 as investors weigh US import ban

Wed, Mar 09, 2022

Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the U.S. ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee.

ONGC, Oil India benefitting from high crude oil prices; paint, tyre industry get hit

ONGC, Oil India benefitting from high crude oil prices; paint, tyre industry get hit

Mon, Mar 07, 2022

Due to increased prices of crude oil, many companies are in profit, and many are in loss. While some sectors are moving positively, others don't. Zee Business' Kushal Gupta decodes the sectors involved and its reason.

Russia-Ukraine War: Oil surges 10% in Asia,brent past $130; euro skids as bonds rally

Russia-Ukraine War: Oil surges 10% in Asia,brent past $130; euro skids as bonds rally

Mon, Mar 07, 2022

Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets.

Oil rebounds as escalating Ukraine conflict raises supply concerns

Oil rebounds as escalating Ukraine conflict raises supply concerns

Fri, Mar 04, 2022

Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal.

Russia-Ukraine War Impact on Oil Prices: Brent crude breaches $100 per barrel mark again

Russia-Ukraine War Impact on Oil Prices: Brent crude breaches $100 per barrel mark again

Tue, Mar 01, 2022

Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday.

Russia-Ukraine war would leave oil prices elevated for months, may spike India's inflation; China's supply to bear maximum brunt

Russia-Ukraine war would leave oil prices elevated for months, may spike India's inflation; China's supply to bear maximum brunt

Wed, Feb 23, 2022

Oil prices shot up to trade near 7-year high in the previous session as Ukraine Crisis deepened and chances of Russia striking became more probable after Russia on Tuesday recognized two separatists held region in Ukraine as independent.

Oil pulls back on view western sanctions on Russia won't choke supply

Oil pulls back on view western sanctions on Russia won't choke supply

Wed, Feb 23, 2022

Oil prices took a breather on Wednesday after surging to seven-year highs in the previous session as it became clear the first wave of U.S. and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supply.

Oil prices jump more than 1% to 7-year highs on supply jitters

Oil prices jump more than 1% to 7-year highs on supply jitters

Mon, Feb 14, 2022

Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world`s top producer in an already tight market.

Oil prices nudge up after API data shows surprise drop in U.S. stocks

Oil prices nudge up after API data shows surprise drop in U.S. stocks

Wed, Feb 09, 2022

Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran.

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