Last Updated: Thursday, July 24, 2014, 11:22
The US Energy Information Administration said inventories fell four million barrels in the week ending July 18.
Last Updated: Tuesday, July 22, 2014, 10:00
US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday.
Last Updated: Monday, July 21, 2014, 08:50
Tensions in the Middle East are also expected to put keep oil prices high.
Last Updated: Thursday, July 17, 2014, 08:54
WTI surged $1.25 in New York Wednesday after the US Energy Information Administration (EIA) said reserves fell 7.5 million barrels in the week to July 11.
Last Updated: Wednesday, July 16, 2014, 09:12
A decline in inventories typically indicates strong demand, sending prices higher.
Last Updated: Monday, July 14, 2014, 08:44
Brent crude oil was a cent firmer at $106.67 a barrel and just off a three month-trough of $106.27. U.S. crude added 2 cents to $100.85 per barrel.
Last Updated: Saturday, July 12, 2014, 14:38
Global oil prices dived on Friday on the prospect of Libyan oil production ramping up after rebels lifted blockades on shipping terminals.
Last Updated: Tuesday, July 08, 2014, 16:32
The hardening of international oil prices and market expectations on the same could be the main reason that led to the depreciation of the rupee.
Last Updated: Friday, July 04, 2014, 12:15
India is worried about the impact of Iraq crisis on crude oil, though there were indications of moderation in prices in the last few days, Finance Minister Arun Jaitley said on Friday.
Last Updated: Thursday, July 03, 2014, 09:43
Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
Last Updated: Wednesday, July 02, 2014, 02:55
World oil prices slipped Tuesday on profit taking and marginally easing concerns about the Iraq crisis, while in the US a storm sparked fears about lower gasoline demand.
Last Updated: Tuesday, July 01, 2014, 13:02
Price of non-subsidised cooking gas (LPG) was Tuesday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis.
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