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Latest Articles in crude oil prices

Oil Dips On Demand Worries Despite Surprise Drop In US Crude Stocks

Traders will be looking for confirmation of the drawdown in crude stocks in official data due from the Energy Information Administration due on Wednesday.

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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for April traded lower by Rs 1.3, or 0.1 per cent, at Rs 1,292.6 per 10 kg in 60,470 lots.

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Oil Prices Climb 2% As Dollar Slips

Brent crude oil futures for May settled up $1.73, or 2.6%, to $69.63 a barrel while U.S. West Texas Intermediate crude for April ended the session $1.58 or 2.5% higher, at $66.02.

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Oil Prices Rise On Economic Outlook, Drawdown In Fuel Stocks

Brent crude oil futures for May rose 40 cents, or 0.6%, to $68.30 a barrel by 0105 GMT, while U.S. West Texas Intermediate crude for April was up 48 cents, or 0.7%, at $64.92.

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Soaring crude prices a credit negative for PSU OMCs: ICRA

Besides auto fuels, the retail prices of domestic LPG have also risen by ~43% from ~Rs. 574/cylinder in March 2020 to Rs 819/cylinder now providing some succour from under recoveries.

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Oil Rises As US Oil Stockpiles Drop, New Chinese COVID-19 Cases Decline

Brent crude futures climbed 11 cents, or 0.2%, to $56.02 a barrel, adding to a small gain on Tuesday.

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Oil Drops As New COVID Cases In China Trigger Clampdowns

Brent crude futures fell 45 cents, or 0.8%, to $55.65 a barrel, erasing a 2 cent gain on Thursday.

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Oil Prices Rise, Hit 9-Month High On US Stimulus Progress

The US dollar set a 2-1/2 year low against major rivals on Thursday. Since crude is priced in greenbacks, this made oil cheaper for buyers holding other currencies.

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Oil Prices Rise On Vaccine Hopes, Ship Explosion At Saudi Arabia

Brent crude futures for February rose 38 cents, or 0.8%, to $50.35 a barrel by 0454 GMT, while U.S. West Texas Intermediate crude futures for January were up 32 cents, or 0.7%, at $46.89 a barrel.

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Oil Rises After Trump Falsely Claims Victory In Tight US Election

Equity markets veered and bonds traded higher as vote counting showed the election was closer than polls had forecast.

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Oil Prices Slip As US Inventory Build Stokes Fears Of Supply Glut

Brent crude futures for December delivery were at $42.66 a barrel, down 50 cents, or 1.16%, as of 1027 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 56 cents, or 1.34%, to $41.14.

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Oil Prices Steady Amid Return Of Supply, While COVID-19 Lockdowns Tighten

US West Texas Intermediate (WTI) crude futures inched up 1 cent to $39.44 a barrel at 0117 GMT, while Brent crude futures rose 2 cents to $41.74 a barrel.

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Oil Prices Rise As Hurricane Delta Approaches US Gulf Of Mexico

U.S. West Texas Intermediate (WTI) crude futures rose 13 cents, or 0.3%, to $40.08 a barrel at 0215 GMT, after falling 1.8% on Wednesday.

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OPEC+ Panel To Meet Amid Oil Price Decline

OPEC+ producers have been reducing production since January 2017 to help support prices and reduce global oil stockpiles.

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Malaysia End-May Palm Oil Stocks Fall For First Time Three Months

Inventories at the world's second largest producer were down 0.5% from April to 2.03 million tonnes, according to data by industry regulator the Malaysian Palm Oil Board (MPOB).

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