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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.

Sensex falls for 4th straight day, closes at 2-week low

Sensex falls for 4th straight day, closes at 2-week low

The 50-issue NSE Nifty tumbled 35.10 points, or 0.43 percent, to close 8,104.35 after cracking the key 8,100-mark and touching a low of 8,094.85.

Coal imports likely to decline in December on notes ban, firm prices

Coal imports likely to decline in December on notes ban, firm prices

Coal imports are likley to decline this month as well due to note ban and soaring oil prices in international market. The imports have already dropped by 16 per cent to 14 million tonnes (MT) in November.

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.

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, 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.

OPEC production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan

OPEC production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan

With oil cartel OPEC cutting production for the first time since 2008 leading to a surge in oil prices, India on Monday said higher rates will risk the country's growth trajectory and pitched for striking a balance between interests of producers and consumers.

OPEC agrees to reduce oil production, first since 2008

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Oil prices jump 8% as OPEC agrees first production cut since 2008

Oil prices jump 8% as OPEC agrees first production cut since 2008

Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.

Oil prices decline on strong US dollar

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

US Dollar hits 14-year high; oil dips in choppy trade

US Dollar hits 14-year high; oil dips in choppy trade

The US dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught between a build in US stockpiles and the chance of an output cut.

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.

Dow ends at record high; stocks lifted by tech, energy

US stocks ended higher on Tuesday, with the Dow hitting a record high close for the fourth session in a row as tech stocks rebounded from a post-election drubbing and energy stocks were boosted by a sharp rise in oil prices.

Oil prices extend losses

Oil prices extended last week`s declines on Monday, dragged down by worries about oversupply as Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month.

IMF stresses upon spending cuts in Gulf despite oil recovery

IMF stresses upon spending cuts in Gulf despite oil recovery

A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.

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.

BP chief Bob Dudley sees oil at $55-70 a barrel in coming years

BP chief Bob Dudley sees oil at $55-70 a barrel in coming years

Oil should hover at around $55-70 a barrel for the rest of the decade as the energy industry undergoes "profound changes" after crude prices came under heavy pressure in recent years, BP chief executive Bob Dudley said on Tuesday.

Petrol, diesel prices likely to be hiked on Saturday

Petrol, diesel prices likely to be hiked on Saturday

While the international oil prices fell back from $50 a barrel on Monday, the Indian basket has reportedly breached the psychologial level of $50.14 per barrel which could lead to oil companies in India hiking prices of petrol and diesel.

Oil falls back from $50, but Indian basket regains this level

Oil falls back from $50, but Indian basket regains this level

Oil fell back from $50 a barrel in early trade on Monday after Saudi Arabia hinted that the output freeze agreed upon by the OPEC cartel countries last month would be effected quite gradually.