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Oil sits near half-year lows as global supply overhang weighs

Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

Oil hits 6-week low as OPEC fails to curb oversupply

Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

OPEC set to prolong oil output cuts by nine months

OPEC set to prolong oil output cuts by nine months

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

'Easing crude prices good for India's inflation, GDP growth'

'Easing crude prices good for India's inflation, GDP growth'

Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.

 

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.

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.

Oil prices decline on strong US dollar

Oil prices declined as strong US dollar offset market`s optimism over an oil output freeze deal.

Oil climbs above $52 per barrel on support from US fuel stocks

 Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.  

Crude oil down on OPEC doubts as it floats 6-month output cap plan

Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.

Brent oil price hits highest level of $53.45 a barrel in a year

Brent oil price hits highest level of $53.45 a barrel in a year

Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.

Crude oil eases off 4-month high as speculators doubt deal to cut output

Crude oil eases off 4-month high as speculators doubt deal to cut output

 Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets.

Crude falls in International Market with 0.5% surge in WTI, Brent crude

Crude falls in International Market with 0.5% surge in WTI, Brent crude

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Oil prices extend gains on Saudi minister's comments

Oil prices extend gains on Saudi minister's comments

Oil prices climbed further on Friday as investors were digesting the latest remarks from Saudi Energy Minister.

Price of brent crude crosses 46$ / barrel

Price of brent crude crosses 46$ / barrel. Watch this special segment and get to know more here.

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.