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Oil falls as Fed rate hike speculation sends dollar surging

Oil falls as Fed rate hike speculation sends dollar surging

Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.

Oil rises, heads for third week of gains

Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing

Oil prices extend fall with no end in sight for glut

Oil prices were pulled down in early trading on Thursday as OPEC warned of slowing demand and major exporter Russia hinted that there would only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply.

Crude oil futures fall on weak Asian cues

 Crude oil futures dropped by Rs 10 to Rs 2,623 per barrel today as speculators cut down their bets amid a weakening trend in Asian trade.

Oil above $41 as OPEC predicts `moderate` rebound

Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.

Oil prices dip amid doubts about producer meeting

Oil prices dip amid doubts about producer meeting

World oil prices dipped Thursday as doubts rose about whether key producers led by Russia and Saudi Arabia would meet this month to discuss crude output limits

Oil prices rally on big fall in US gasoline stockpiles

Oil prices rose sharply Wednesday as falling US gasoline inventories boosted the demand outlook in a global market awash in crude supplies

Oil rallies to three-month high; analysts warn of glut

Oil rallies to three-month high; analysts warn of glut

Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year`s lows on an improving global outlook and stronger sentiment for a market recovery

 Oil likely to recover to  $55 in 12 months: Report

Oil likely to recover to $55 in 12 months: Report

Oil prices are likely to recover after 11-year low to USD 55 per barrel from the current USD 34 in 12 months, following gains in the latter half of 2016, according to a report.

Oil prices rebound in Asia on bargain-hunting

Oil prices rebound in Asia on bargain-hunting

Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.

Crude oil sinks again amid global supply glut

Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.

Oil prices recover amid Greece, supply worries

In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.

Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm

"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.

Oil prices drop as IEA predicts demand slowdown

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Oil prices rise on hopes for China stimulus

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

Oil drops in downbeat start to week

World oil prices fell on Monday after the OPEC crude producers' cartel left its output ceiling unchanged last week in an oversupplied market, dealers said.

Oil prices rise ahead of OPEC output meeting

"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.

OPEC expected to keep status quo on oil output

However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.

Crude oil futures fall 0.68% on global cues

Oil prices for June delivery moved down Rs 23, or 0.59 percent, to Rs 3,895 per barrel, with a business volume of 2,045 lots.

Oil prices down in Asian trade

WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.