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16 Nov 2016

Oil prices decline on US inventory surge

Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.

16 Jun 2015

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.

05 Jun 2015

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.

03 Jun 2015

IOC to import Iraqi oil for India's maiden strategic reserve

The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.

crude oil futures

03 Jun 2015

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.

crude oil futures

01 Jun 2015

Crude oil futures down on weak Asian cues

The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.

Current Crude Oil Prices

14 May 2015

Oil ends down despite U.S. crude draw; stockpiles still hefty

The CBOE crude oil volatility index, meanwhile, hit a six-month low, signaling that U.S. shale drillers were hedging oil output.

OPEC Secretary-General Abdullah al-Badri

09 Mar 2015

Oil drops towards $59 on dollar, stock builds

Brent crude oil fell towards USD 59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs.

17 Oct 2014

Oil rebound extends in Asia

Oil prices extended a minor rally on bargain-buying on Friday, a day after the US benchmark fell below $80 for the first time in more than two years.

09 Oct 2014

Oil rebounds in Asia but prices expected to remain soft

Brent crude for November advanced eight cents to $91.46 after tumbling to a two-year low the day before.

06 Oct 2014

Oil prices slip on increased supply, strong dollar

Saudi Arabia cut prices for the fourth straight month last week to defend its market share, suggesting it is unlikely to cut production any time soon.

18 Sep 2014

US benchmark West Texas Intermediate for delivery in October dipped eight cents to $94.34 a barrel.

17 Sep 2014

Oil prices hold steady

The market also awaited the latest energy stockpiles report and an interest rate decision in the United States, traders said.

16 Sep 2014

Oil prices hold steady

US benchmark West Texas Intermediate for October lost two cents to $92.90 a barrel.

08 Sep 2014

Oil prices down after weak US jobs report

Oil prices dipped in Asia Monday as a disappointing US jobs report tempered sentiment about demand in the world`s top crude consumer, analysts said.

04 Sep 2014

Oil prices down in Asian trade

Oil prices slipped in Asian trade on Thursday as dealers squared their positions after a rally spurred in part by hopes of a resolution to the Ukraine conflict.

05 Aug 2014

Oil prices up on reviving Middle East supply fears

US benchmark West Texas Intermediate for September delivery rose 14 cents to USD 98.43, while Brent crude for September gained 19 cents to USD 105.60.

24 Jul 2014

Oil prices up in Asian trade

The US Energy Information Administration said inventories fell four million barrels in the week ending July 18.

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