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Brent crude

Oil prices fell to multi-month low, brent breaches $70/bbl mark

U.S. light crude oil was 25 cents lower at $60.42, down 4.3 percent this week and off more than 20 percent since early October, putting it officially in bear-market territory.

Nov 09, 2018, 15:42 PM IST

Oil prices slip as analysts warn of correction after 13% gain in the past month

Brent crude futures were at $69.07 a barrel at 0441 GMT, down from a high of $69.37 earlier in the day and 18 cents below their last close.

Jan 17, 2018, 12:36 PM IST

Oil prices near three-year highs, supported by healthy demand

Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.

Jan 16, 2018, 12:45 PM IST

Oil tops $65, first time since 2015, on UK pipeline outage

Oil also gained support from expectations the latest reports on US inventories will show a further tightening of supplies.

Dec 12, 2017, 16:24 PM IST

Oil bounces back from losses prompted by US fuel stocks

Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.

Dec 07, 2017, 21:26 PM IST

Oil steadies above $62 per barrel, expected fall in US inventory supports

An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster US output which climbed to nearly 9.5 million barrels per day in September.

Dec 05, 2017, 16:43 PM IST

Oil falls on uncertainty over OPEC deal, rise in US inventories

Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.

Nov 29, 2017, 16:34 PM IST

US oil dips on increased drilling, but OPEC cuts support global markets

US crude production has risen by 15 percent since mid-2016 to 9.66 million barrels per day, not far from top producers Russia and Saudi Arabia, and increasing drilling activity for new production means output is expected to grow further.

Nov 27, 2017, 10:32 AM IST

US crude extends rally to $58 per barrel, first time since 2015

Brent crude, the global benchmark, was up 57 cents at USD 63.14.

Nov 22, 2017, 18:35 PM IST

Oil eases as traders, investors grow edgy ahead of OPEC

 Oil has been under pressure for the last two weeks since peaking in early November.

Nov 21, 2017, 09:43 AM IST

Oil prices fall for fourth day after US crude stocks rise

Prices remained under pressure from this week's International Energy Agency (IEA) outlook for slower growth in global crude demand.

Nov 16, 2017, 00:07 AM IST

Oil steady near two-year highs, US supply increase caps rise

Middle East tensions have supported the market, despite concerns that output could rise further.

Nov 13, 2017, 23:27 PM IST

Oil dips on falling Chinese crude imports; overall market still well supported

China's October oil imports fell sharply from a near record-high of about 9 million barrels per day in September to just 7.3 million barrels per day in October, data from the General Administration of Customs showed on Wednesday.

Nov 08, 2017, 10:54 AM IST

Oil prices rise on tighter US market, Middle East tensions

US crude inventories fell by 7.1 million barrels in the week to Oct 13 to 461.4 million barrels, the American Petroleum Institute (API) said late on Tuesday.

Oct 18, 2017, 11:06 AM IST

Oil prices firm as Iraq tensions escalate, shares extend rally

Oil prices held near their highest levels in more than two weeks after Iraqi government forces captured the major Kurdish-held oil city of Kirkuk in a response to a Kurdish independence referendum, raising worries about oil supply.

Oct 17, 2017, 06:57 AM IST

Oil pares losses after larger draw in US stocks

The market was still under pressure, though, from a bearish outlook by the International Energy Agency, which lowered its forecast for oil demand for 2018.

Oct 12, 2017, 21:42 PM IST

Oil up on signs of tighter market, but 2018 looks more uncertain

Traders said they would look to the US fuel inventory data on Wednesday and Thursday for indicators on price direction.

Oct 11, 2017, 09:47 AM IST

Oil prices stable as OPEC says market is rebalancing

Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.

Oct 10, 2017, 09:32 AM IST

Oil prices dip on record US exports, but OPEC-led supply cuts lend support

The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week, surpassing the 1.5 million bpd record set the previous week.

Oct 05, 2017, 11:01 AM IST

US oil dips below $50 per barrel over doubts recent rally will last

Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.

Oct 04, 2017, 10:52 AM IST