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West Texas Intermediate

Reliance Industries makes first purchase of US crude: Sources

Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude which are expected to arrive in November, they said.

Oct 03, 2017, 13:39 PM IST

Oil prices rise on expectation of output cut extension

Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.

May 08, 2017, 10:38 AM IST

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.

Apr 10, 2017, 10:19 AM IST

Oil prices decline on strong US dollar

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

Nov 18, 2016, 06:32 AM IST

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.

Oct 10, 2016, 21:06 PM IST

Oil falls as Fed rate hike speculation sends dollar surging

Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.

May 19, 2016, 12:49 PM IST

Oil prices drop amid ample supply

Oil prices dropped as market expected that global supply exceeded the demand.

Mar 16, 2016, 07:48 AM IST

Oil prices rise as US output falls, eyes on cap talks

Oil prices resumed their rise in Asian trade on Thursday despite an increase in US inventories, with traders hoping talks among major producers could lead to an output cap.

Mar 03, 2016, 12:14 PM IST

Oil market heads lower

Oil prices fell Thursday on resurgent supply glut worries as traders discounted the odds of a near-term deal by major petroleum producers to cut output.

Feb 05, 2016, 01:57 AM IST

US oil prices extend gains on slide in dollar, talk of oil producer meeting

Analysts said that prices had recovered support from a sliding dollar, as well as from ongoing yet unconfirmed talk of a potential meeting by major oil producers to cut output in support of prices, which have fallen around 70 percent since mid-2014.

Feb 04, 2016, 07:21 AM IST

Oil prices rise on talk of Russia, OPEC coordination

Oil prices were lifted Tuesday by talk of possible coordination between Saudi Arabia and Russia to cut petroleum output.

Jan 27, 2016, 02:25 AM IST

Oil down 10 percent after 5-day drop; Goldman says more losses needed

Oil fell for a fifth straight day on Friday, losing 10 percent on the week.

Jan 09, 2016, 02:46 AM IST

Oil prices dip, erasing earlier gains; down 10 percent on week

Futures of global benchmark Brent and U.S. West Texas Intermediate (WTI) crude turned direction after trading steady earlier on the strength of stocks on Wall Street. 

Jan 09, 2016, 01:08 AM IST

Oil prices rebound in Asia on bargain-hunting

Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.

Oct 13, 2015, 10:27 AM IST

Oil prices rally on reported Russian moves

US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close.

Oct 06, 2015, 03:16 AM IST

US oil rallies second day; WTI up 6.3%

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

Aug 29, 2015, 00:46 AM IST

US oil jumps more than 10% to $42.56 a barrel

US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.

Aug 28, 2015, 00:53 AM IST

Crude oil sinks again amid global supply glut

Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.

Aug 08, 2015, 02:55 AM IST

Oil prices flat awaiting Greece, Iran outcomes

Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.

Jun 27, 2015, 04:23 AM IST

Oil drops in downbeat start to week

World oil prices fell on Monday after the OPEC crude producers' cartel left its output ceiling unchanged last week in an oversupplied market, dealers said.

Jun 09, 2015, 02:14 AM IST