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Oil off on supply fears; stocks slip before French election

Oil off on supply fears; stocks slip before French election

Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday.

Oil producers might have to extend output cuts: Saudi Minister

Oil producers might have to extend output cuts: Saudi Minister

Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing of the market.

OPEC 'optimistic' oil output cuts leading to price recovery

OPEC 'optimistic' oil output cuts leading to price recovery

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year.

Oil prices firm on strong demand, political uncertainty in Syria

Oil prices firm on strong demand, political uncertainty in Syria

US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.

Oil hits one-month high near $55 on tighter supplies

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.

Oil hits 3-week highs as OPEC deal extension seen likely

Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.

Oil slips towards $50 on doubts over duration of output cut

Oil slips towards $50 on doubts over duration of output cut

Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.

Oil prices hit lowest since November on expanding US inventories

Oil prices hit lowest since November on expanding US inventories

Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.

OPEC countries complying with agreed output cuts: IEA

OPEC countries complying with agreed output cuts: IEA

OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.

Iraq has cut 180,000 bpd as part of OPEC oil deal: Minister

Iraq has cut 180,000 bpd as part of OPEC oil deal: Minister

Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member`s oil minister said on Monday.

Oil producers say output cut on track

Oil producers say output cut on track

Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress.

Oil slips $1 on concerns U.S. production is rising

Oil slips $1 on concerns U.S. production is rising

Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

Oil hits 18-month high as markets eye output cuts

Oil hits 18-month high as markets eye output cuts

Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest since July 2015.

FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore

FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore

Over Rs 19,500 crore have been pulled out from capital market this month so far by the foreign investors amid policy rate hike by the US Federal Reserve and increases oil prices.

 Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.

OPEC move to cut production may adversely affect India

Amit Kapoor and Sankalp Sharma/IANS

'Petrol, diesel prices likely to rise in the nex 3-4 months'

'Petrol, diesel prices likely to rise in the nex 3-4 months'

With the Organisation of Petroleum Exporting Countries (Opec) cutring production of crude oil by 1.2 million barrels per day (mpbd) for the first time since 2008, fuel prices in India are likely to rise in the next 3-4 months.

Big News : OPEC decides to reduce its oil production

OPEC decides to reduce its oil production. Watch complete news story of News 360 for getting detailed updates!