Nymex crude

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.


Dec 12, 2015, 00:59 AM IST
OPEC says cheap oil to hit rival supply harder in 2016

OPEC says cheap oil to hit rival supply harder in 2016

OPEC forecast on Thursday that oil supply from non-member countries will fall more sharply next year, a development that would suggest its strategy reaffirmed last week of defending market share not prices is working.

Dec 10, 2015, 18:18 PM IST

Oil prices rise but stay near multi-year lows

Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.

Dec 09, 2015, 19:11 PM IST

Oil rises as US crude inventories dip, Japan machinery orders bounce

Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.

Dec 09, 2015, 13:33 PM IST

Crude oil futures fall 2.57% as it trades at 6-year low in Asia

At the Multi Commodity Exchange (MCX), crude oil for delivery in March tumbled by Rs 71, or 2.57 percent, to Rs 2,688 per barrel in 8,910 lots.

Mar 18, 2015, 12:50 PM IST

US crude hits new 5-1/2-year low, falls below $49 per barrel

Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.

Jan 06, 2015, 16:39 PM IST

Brent near 9-month high above $115 on Iraq tensions

Brent crude rose above USD 115 a barrel on Monday, holding near a nine-month high amid concerns of possible disruptions to supply from Iraq where Sunni insurgents seized control of more towns over the weekend.

Jun 23, 2014, 11:05 AM IST

Brent slips near $108 as China, higher oil supply weigh

June Brent crude fell 2 cents to USD 108.05 a barrel by 0642 GMT, following a 0.8 percent drop in the previous session to settle at its lowest close since April 11.

May 01, 2014, 13:22 PM IST

Oil prices fall after Russia downgrade

Oil prices retreated Friday as traders booked profits in reaction to increased worries over Russia's faltering economy in response to its crisis situation with Ukraine, analysts said.

Apr 25, 2014, 18:25 PM IST

Oil prices rebound in Asian trade

Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high.

Apr 24, 2014, 11:53 AM IST

Oil prices rise ahead of US stockpiles report

Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand in the world`s top crude consumer.

Apr 23, 2014, 09:24 AM IST

Oil prices ease in Asian trade

Oil prices dipped in Asian trade Tuesday, but the losses were limited by lingering concerns about the crisis in Ukraine, analysts said.

Apr 22, 2014, 11:29 AM IST

Crude oil futures firm up on overseas cues

Crude oil futures prices rose by 1.20 percent to Rs 6,086 per barrel Wednesday as speculators created fresh positions amid a firm trend in Asia.

Dec 04, 2013, 13:13 PM IST

Oil drops as report spotlights higher output

World oil prices retreated Friday after an International Energy Agency report highlighted the surge in production from North America and some other countries.

Oct 12, 2013, 13:14 PM IST

Oil prices mixed, eyes on US budget stand-off

Crude prices were mixed in Asia Tuesday as the political paralysis in Washington over the US budget shows no sign of ending, fuelling concerns it could lead to a US debt default.

Oct 08, 2013, 11:41 AM IST

Oil prices slip on fears of protracted US shutdown

New York's main contract, West Texas Intermediate (WTI) for delivery in November, fell 41 cents to USD 103.69 in mid-morning trade, while Brent North Sea crude for November eased 27 cents to USD 108.92.

Oct 03, 2013, 12:34 PM IST

Oil prices tumble on concerns over US budget impasse

Oil prices tumbled in Asian trade Monday as a budget impasse in the United States threatens to shut down parts of the economy, analysts said.

Sep 30, 2013, 11:06 AM IST

Oil prices down as US, Russia break deadlock on Syria

Oil prices eased in Asian trade Friday after the United States and Russia agreed a draft UN Security Council resolution on destroying Syria's chemical arms, analysts said.

Sep 27, 2013, 10:22 AM IST

Oil prices lower in Asian trade as Iran ties thaw

Oil prices edged lower in Asian trade Thursday after an unexpected surge in US crude stockpiles and fresh signs of warming relations between the West and crude producer Iran, analysts said.

Sep 26, 2013, 09:33 AM IST

Oil prices mixed after upbeat China manufacturing data

Oil prices were mixed in Asian trade Monday despite upbeat manufacturing data from China, which raised hopes of firmer demand from the world's top energy consumer.

Sep 23, 2013, 09:28 AM IST